Gold Futures Commodity Price on November 5, 2024
| GCUSD Commodity | 2,662 3.30 0.12% |
If you're considering investing in Gold Commodity, it is important to understand the factors that can impact its price. As of today, the current price of Gold Futures stands at 2,662, as last reported on the 29th of November, with the highest price reaching 2,673 and the lowest price hitting 2,644 during the day. At this point, Gold Futures is very steady. Gold Futures holds Efficiency (Sharpe) Ratio of 0.0863, which attests that the entity had a 0.0863% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Gold Futures, which you can use to evaluate the volatility of the entity. Please check out Gold Futures' Risk Adjusted Performance of 0.0503, downside deviation of 1.23, and Market Risk Adjusted Performance of (0.85) to validate if the risk estimate we provide is consistent with the expected return of 0.0888%.
Gold Commodity price history is provided at the adjusted basis, taking into account all of the recent filings.
Gold |
Sharpe Ratio = 0.0863
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Estimated Market Risk
| 1.03 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Gold Futures is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Gold Futures by adding it to a well-diversified portfolio.
Gold Futures Valuation on November 5, 2024
It is possible to determine the worth of Gold Futures on a given historical date. On November 5, 2024 Gold was worth 2746.0 at the beginning of the trading date compared to the closed value of 2749.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Gold Futures commodity. Still, in general, we apply an absolute valuation method to find Gold Futures' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Gold Futures where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Gold Futures' related companies.
| Open | High | Low | Close | Volume | |
| 2,744 | 2,758 | 2,739 | 2,746 | 137,372 | |
11/05/2024 | 2,746 | 2,760 | 2,733 | 2,750 | 145,690 |
| 2,753 | 2,759 | 2,661 | 2,676 | 350,399 |
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Gold Futures Trading Date Momentum on November 5, 2024
| On November 06 2024 Gold Futures was traded for 2,676 at the closing time. The highest daily price throughout the period was 2,759 and the lowest price was 2,661 . The daily volume was 350.4 K. The net trading volume on 11/06/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 2.67% . The overall trading delta to current closing price is 6.52% . |
Price Boundaries
Gold Futures Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Gold Futures cannot be verified against its exchange. Please verify the symbol is currently traded on Commodity Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Gold Futures November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Gold Futures commodity reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Gold Futures shares will generate the highest return on investment. By undertsting and applying Gold Futures commodity market strength indicators, traders can identify Gold Futures entry and exit signals to maximize returns
Gold Futures Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Gold Futures' price direction in advance. Along with the technical and fundamental analysis of Gold Commodity historical price patterns, it is also worthwhile for investors to track various predictive indicators of Gold to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.