COMEX gold futures posted a 1.12% intraday swing on July 17, ranging between $3,967.70 and $4,012.20 before settling at $3,975 per ounce. Volume reached 50,220 contracts as the $4,000 level remained a key threshold for the precious metal.
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Gold futures close at $3,975 with 1.12% intraday swing
COMEX gold futures settled at $3,975 per ounce on July 17, posting a 1.12% intraday swing between a low of $3,967.70 and a high of $4,012.20.
The session's $44.50 range reflected active trading in the precious metals contract, with volume reaching 50,220 lots, according to exchange data. The 1.12% amplitude captures the full extent of price movement during the session.
Gold opened at $3,980.10 before climbing to the day's high of $4,012.20 and falling to a low of $3,967.70, closing $5.10 below the opening price. The close at $3,975 represents a decline of 0.13% from the open, with the session's price action showing sellers pushing prices below the opening level.
The $4,000 level remains a key threshold for gold futures. Resistance sits at the session high of $4,012.20, while support is near the $3,967.70 low. The $44.50 range between these levels defines the immediate trading zone for the next directional move.
This article is for informational purposes only and does not constitute investment advice.
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