Gold futures contracts price in the U.S. by month 2019-2024, with forecasts to 2029
As of March 18, 2024, gold futures contracts to be settled in December 2029 were trading on U.S. markets at around 2,537 U.S. dollars per troy ounce. This is above the price of 2,153.9 U.S. dollars per troy ounce for contracts to be settled in March 2024, indicating that gold traders expect the price of gold to rise over the next five years. Gold futures are contracts that effectively lock in a price for an amount of gold to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.
