Spot Gold Crosses $1,900, Gold December Futures Contract Hits All Time High Territory

The price of gold continues to climb as investors clamor to get a bit of the action. The precious metal passed the significant $1,900 mark this morning in spot pricing terms as it continues its climb, evidently on its mission to reach all time highes of $1,921 set in 2011.

The recent climb of the metal is believed to be tied to a number of factors, including continuous money printing by the worlds central banks, endless stimulus, as well as the continued issuance of negative yielding debt. As investors look for any means of finding yield, a currently appreciating asset, especially in the form of a hard metal, is ideal.

The spot price of gold has currently hit a high of $1,906.585 in todays session as per TradingView, while the price of gold futures has gone as high as $1,904.60 at the time of writing. Many pundits, including The Deep Dive’s own @SmallCapSteve are speculating the precious metal to near all time highs today following the break of $1,900.

It should also be noted that contracts outside of the front month on the Comex have crossed into all time high territory, with the December contract climbing as high as $1,933.60.


Information for this briefing was found via TradingView. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Condor Gold Begins 1,700 Meter Drill Program At The La India Open Pit

Condor Gold (TSX: COG) today announced that the company has commenced a 1,700 meter infill...

Tuesday, June 15, 2021, 07:58:51 AM

Tudor Gold Doubles Drill Program At Treaty Creek To 40,000 Meters, Releases Further Assays

Tudor Gold Corp (TSXV: TUD) this morning released further assay results from its Treaty Creek...

Monday, July 27, 2020, 09:21:33 AM

Aux Resources: Anticipation Of Assay Results

It’s been well noted that we have been following AUX Resources Corporation (TSXV: AUX), a...

Tuesday, October 20, 2020, 11:31:00 AM

Mexico: The World’s Leading Silver Producer

There is a saying in the mining industry that miners go where the minerals are....

Saturday, February 6, 2021, 02:48:00 PM

QMX Gold To Be Acquired By Eldorado Gold In $132 Million Transaction

Consolidation within the mining sector continues this morning, with the announcement that Eldorado Gold (TSX:...

Thursday, January 21, 2021, 08:44:23 AM