What will Gold (GC) settle at in June?

Resolution Criteria

This market will resolve according to the official CME settlement price for the Active Month of Gold futures on the final trading day of June 2026. If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket. If the final trading day of the month is shortened (for example, due to a market-holiday schedule), the official settlement price published for that shortened session will still be used for resolution. If no settlement price is published for that session, the market will use the most recent published settlement for the Active Month during June. For CME Gold (GC) futures contracts, the Active Month is the nearest of CME's designated delivery-cycle months (February, April, June, August, October, December) that is not the spot month. The Active Month changes automatically on the contract's First Position Date, at which point the next eligible contract month becomes the Active Month. Only the Active Month's official settlement price published by CME Group will be considered. Intraday trades, highs, lows, bids, offers, midpoint values, or indicative prices do not count. Note that the settlement price may differ from the last traded price. CME's methodology to determine the settlement price can vary by commodity and contract. Only days during June on which CME publishes an official settlement price for the Active Month will be included. Days without settlement prices (weekends, holidays, or market closures) are ignored. This market will resolve based on the settlement price as it appears on the CME settlement page at the time it is first published for the relevant trading day, regardless of any later corrections or updates. The resolution source for this market is the CME Group website — specifically, the daily "Settlement" price for the Active Month of Gold (GC) futures.

The June 2026 Gold (GC) futures settlement market resolves to whichever price bracket contains the official CME settlement price for the Active Month on the final trading day of June 2026. Market volume is heavily concentrated on the $4,200–$4,600 range, with the adjacent $4,600–$5,000 bracket also drawing significant backing. Resolution depends solely on the CME Group's official daily settlement price, published no later than 30 June 2026.

Market structure

Eight price brackets span below $3,800 to above $6,200, with volume heavily concentrated on two adjacent central brackets — $4,200–$4,600 and $4,600–$5,000. The brackets below $3,800 and above $5,800 attract minimal backing. Resolution uses the CME official Active Month settlement price on the final trading day of June 2026; intraday or indicative prices are excluded. If a shortened session publishes no settlement, the most recent June settlement is used.

Background

Gold futures have experienced a significant upward repricing since 2023, driven by central bank accumulation, geopolitical uncertainty, and shifting expectations around US interest rates and the dollar. The metal surpassed $3,000 per troy ounce in early 2025 and has continued to attract safe-haven demand. CME Gold (GC) futures are the global benchmark for gold price discovery, with the Active Month contract reflecting the nearest eligible delivery cycle month outside of the spot month. The June 2026 settlement market captures where the gold price lands at the close of the second quarter of 2026, a period that historically coincides with mid-year portfolio rebalancing and updated central bank policy signals.

Key factors

Several structural forces could influence where gold settles by end of June 2026. Federal Reserve monetary policy decisions between now and June — particularly any pivot on interest rates — directly affect the opportunity cost of holding gold and therefore its price. The trajectory of the US dollar is closely correlated with gold, as a weaker dollar tends to support higher dollar-denominated gold prices. Geopolitical developments, including conflicts, sanctions regimes, and shifts in global reserve diversification by central banks, have historically introduced sharp price dislocations in gold markets. Inflation data releases in the US, eurozone, and major emerging economies could recalibrate demand for gold as an inflation hedge. Supply-side constraints, including mining output and refinery capacity, operate on longer timescales but can amplify price moves during demand surges. Finally, the Active Month roll mechanics — specifically the First Position Date — determine which contract month's settlement is used, and any market disruption around that date could affect the applicable price.

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