Gold Futures Near All-Time High In Asia Trading

Screenshot 2025-06-02 at 3.44.44 PM.png — 5-DAY GOLD FUTURES CHART Click for larger image.

Gold futures contracts in Asia Tuesday morning were showing a 0.50% gain to $3,415 USD an ounce. That is approx. $6 or $7 below an all-time high set May 6.

Below: one-year futures chart.

A weaker dollar, below 99 for the DXY BASKET, is boosting commodities, including energy.

Looking for perspective?

Cam Hui of Humble Student of the Markets, a former equity portfolio manager and sell-side analyst, has a pages-long piece just published by MarketWatch.com. It is here.

Cam’s asset allocation pie (2024) is here:

Global family office allocations to gold and precious metals is 2%, Cam reports.

You probably know my perspective. I am in the Rule camp: I own gold because I’m afraid it might go to $5,000, to $7,000.

Mining-co outpacers late May into early June: Avino Silver & Gold, EMX Royalty, Contango Ore, Kenorland Minerals, West Vault Mining, Alamos Gold, Newcore Gold, Ivanhoe Electric. Others.

And yes, I own all of those in various amounts, with Alamos Gold the largest stake here at home.

As for copper, the global building material and growth proxy, the futures contracts are nearing $5 a pound for the first time since early April of this year.

— Thom Calandra

Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities. The Calandra Report, in its 13th year, offers a one-price, $139 yearly fee for all newcomers. Earlier subscribers keep their original cost. Sob stories listened to. No refunds after three weeks of service. Exceptions:groceries, mistaken ambitions.