The most recent high in the COMEX gold futures market was in July 2024, when the precious metal rose to just below the $2,490 per ounce level. After a correction that took gold below $2,300 in May and June, the price was rose to a new high in July. In my Q2 precious metals report on Barchart, I wrote:
Gold settled Q2 at the $2,339.60 level. Gold was marginally higher at over the $2,380 level in July 2024, and the bullish path of least resistance remained firmly intact. Gold remains in a quarter-of-a-century bull market, and the odds favor higher highs over the coming months and years. Central banks have been buying gold, further validating its role in the global financial system.
