Key Takeaway:
Gold futures are currently trading at $4,008.80 per ounce (December 2025 contract), reflecting a modest rebound after a sharp correction. Spot gold is near $3,930/oz, with the market digesting recent volatility, central bank demand, and shifting macro sentiment. The structural trend remains bullish, but short-term swings are pronounced.
1. Latest Gold Futures Price
| Contract Month | Last Price (USD/oz) | Change | Date/Time (CT) |
|---|---|---|---|
| December 2025 | $4,008.80 | –$10.90 | Most recent update |
- The December 2025 COMEX gold futures contract is the most actively traded and widely referenced for forward-looking price action.
- The front-month continuous contract is quoted at $3,954.50/oz, while spot gold is at $3,930/oz, showing a typical futures premium.
2. Recent Gold Price Trends
| Period | Price (USD/oz) | % Change |
|---|---|---|
| Current Spot | $3,930.00 | — |
| 7 Days Ago | $3,977.25 | –1.19% |
| 30 Days Ago | $4,132.50 | –4.90% |
| YTD Start | $2,627.45 | +49.57% |
| YTD High | $4,379.00 | +11.42% |
Gold is down 1.2% over the past week and nearly 5% over the past month, but remains up nearly 50% year-to-date.
3. Visual Gold Price Dashboard
Figure 1: Gold Price Performance – Year to Date 2025
Figure 2: Gold Price Percentage Changes (7-Day, 30-Day, YTD)
4. Futures Market Insights
- Futures Premium: December 2025 futures are trading at a ~$79 premium to spot, reflecting expectations of higher prices and hedging demand.
- Physical Delivery: COMEX has seen a surge in physical deliveries, with institutional and central bank buyers driving demand.
- Volatility: Gold futures have experienced sharp swings, with daily moves exceeding $100/oz during recent corrections.
5. Analyst Forecasts & Outlook
| Institution | Q4 2025 Target (per oz) | Commentary |
|---|---|---|
| Goldman Sachs | $3,400 | Strong ETF/central bank demand |
| J.P. Morgan | $3,675 | Bullish, sees $4,000 by Q2 2026 |
| UBS | $4,200 | Raised short-term target |
| CoinCodex | $4,848.49 | Bullish scenario, up to $5,100 possible |
| Consensus | $3,300–$4,000 | Most banks expect consolidation above $3,900 |
Key Drivers:
Central bank buying, ETF inflows, inflation, and geopolitical risk remain the main supports for gold. Short-term volatility is likely, but the structural trend is upward.
6. Summary Table: Gold Price Snapshot
| Metric | Value (USD/oz) |
|---|---|
| Spot Price | $3,930.00 |
| Dec 2025 Futures | $4,008.80 |
| 7-Day Change | –1.19% |
| 30-Day Change | –4.90% |
| YTD Change | +49.57% |
| YTD High | $4,379.00 |
| YTD Low | $2,627.45 |
Key Takeaway:
Gold futures are currently at $4,008.80/oz (December 2025), with spot gold at $3,930/oz. The market is consolidating after a sharp correction, but the long-term outlook remains bullish due to robust central bank demand and macro uncertainty.
El Mundo del Trading en los Mercados Financieros 