Nearby COMEX gold futures have eclipsed the $2,000 per ounce level three times since August 2020. After the August 2020 high, gold corrected before gaining steam to move above the price again in March 2022. Another downside correction followed, but gold rose above $2,000 in March 2023 and traded above the level in April and May before falling below again. On July 12, the nearby August COMEX gold futures were back above $1,960 per ounce.
Gold closed Q2 at $1,929.40 per ounce and was moving higher on July 12.
