Gold Strength Continues Ahead Of Fed Meeting

The Gold market and the metals complex as a whole had a strong run in 2024 , and Gold has seen this strength continue over the last few weeks. Since the highs in October, Gold has seen some consolidation with prices falling due to many factors such as the changing Fed environment and the overall sentiment of the precious metals complex. Some of the metals are still lagging due to the fact that metals like Silver and Copper have a more industrial background to them and have other factors impacting price movements. The average true range of Gold currently sits near 35, which is not a record high for the contract but is offering a wide daily range for traders to position themselves in.

The Gold market offers several different sizing options for many different types of traders, ranging from the newly released 1-oz contract to the full sized 100-oz contract. This wide variety of contracts helps give a larger range of traders the ability to trade depending on their own personal risk appetite or trading strategy. With the strong attention from traders on Gold along with the volatility traders have seen, it is critical for traders to understand what size contract will be most effective for their trading strategy.

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**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.