Precious metals ยท reviewed 2026-07-27

Gold

Gold is a physical commodity and financial asset shaped by mine supply, recycling, central-bank activity, investment flows, real yields, currencies, and futures positioning.

CoverageliveReviewed by CommodityNode Editorial

Benchmark contract

COMEX Gold futures

GC=F
Instrument
Futures benchmark
Exchange
COMEX
Unit
USD/troy ounce
Currency
USD
Provider
Yahoo Finance via provider adapter
Timing
Provider-defined; use the displayed as-of timestamp.

Interpretation: The futures benchmark is not a claim about local physical premiums or availability.

Physical chain

From source to demand

  1. 01Mine
  2. 02Processor
  3. 03Refinery
  4. 04Vault
  5. 05Exchange
  6. 06Fabricator

Exposure context

Where the chain matters

Production regions

  • China
  • Australia
  • Russia
  • Canada
  • United States

Demand sectors

  • Investment
  • Jewelry
  • Central banks
  • Technology

Market context

What to read alongside the benchmark

Read the futures benchmark beside real yields, major currencies, exchange positioning, fund flows, central-bank activity, mine output, recycling, and local physical premiums. These channels do not always point in the same direction. A price move alone does not identify whether investment demand, macro conditions, or physical availability led it.

Interpretation guide

How to use this page

Start with the benchmark contract to confirm the instrument, unit, exchange, and timing policy. Then compare that market proxy with the physical chain and regional exposure shown below. A benchmark move does not establish the cause of a disruption, and a disruption does not guarantee a price response. Follow the cited source before using any relationship in a decision.

Live intelligence

Continue from definition to current context.

The live application adds current quote state, related instruments, routes, chokepoints, and published Event Pulse records. Universe lines remain taxonomy until an evidence-backed event path is published.

Open Gold in live intelligence

Source register

Evidence used for this definition

  1. USGS Gold Statistics and InformationU.S. Geological Survey

Found a definition or source problem? Use the correction channel on the About page.