The price of Gold for June delivery reached a new several year record high price of $1750.90, as of 13:00 EST, and rising. The spot price of gold is trading higher by nearly $45/oz to just under $1,700/oz price. The spread from June Gold Futures Contract vs the quoted spot gold price, remains at over $60/oz:
The waves of buying in gold accelerated this morning as New York trading joined the bullish gold markets — JUNE GOLD 15 MINUTE CHART:
At one point this morning, during a 15-minute period: over $2.2-Billion in June gold contracts launched the price higher by over $20 an ounce, helping to send its way higher towards $1,800:
$1742 highs from Tuesday is being challenged in the futures contract. Some huge buying hit on the move above $1710, over $2.2 Billion in 15 minutes: pic.twitter.com/ydGN6J7QOy
— Peter
Spina (@goldseek) April 9, 2020
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June Gold Price: New Highs, Above $1750
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