COMEX gold futures prices reached a $2,801.80 high in late October 2024. After a 9.3% correction to $2,541.50 in November, nearby futures have primarily traded in a $2,600 to $2,760 range. At the $2760 level in late January, COMEX gold futures for February delivery are at the top of the recent trading range
In my Q4 Barchart summary report on the precious metals, I highlighted that gold led the sector in Q4 with the only gain and was the leader in 2024, with a nearly 27.5% annual price increase.
