Gold shatters the $4,000 barrier amid global uncertainty, with experts predicting further gains as investors flee traditional assets for the safety of the precious metal
Spot gold was down 0.3% at $3,386.30 per ounce, as of 0305 GMT, after hitting its highest since July 23 earlier in the session. Bullion is up 0.7% so far this week
Global banks and commodity exchanges have a headache because of the heightened need for physical delivery.
Spot gold added 0.5% to $2,758.9 per ounce as of 11:40 a.m. ET (1640 GMT). Prices were at their highest since Oct. 31 when they hit their all-time high of $2,790.15
Spot gold was down 0.4% to $2,507.96 per ounce, as of 0238 GMT. Prices have risen more than 21.5% this year, hitting a record high of $2,531.60 on Aug. 20.
Spot gold was down 0.2% at $2,503.10 per ounce, as of 0724 GMT, and U.S. gold futures edged 0.2% higher to $2,541.50
The BSE launching the gold and silver futures contracts could have an impact on bullion market-leader MCX’s market share and volumes.
Spot gold rose 0.8% to $2,320.95 per ounce by 1503 GMT. U.S. gold futures for June delivery also gained 0.9% to $2,329.70 per ounce
Spot gold was down 0.9% at $2,314.48 per ounce, as of 1104 GMT, pressured by firmer dollar that makes the metal more expensive for overseas buyers. U.S. gold futures fell 1.4% at $2,325.40
The exchange set the maximum intraday position opening volumes of gold at 2,800 lots and copper at 2,000 lots. The change will start from April 12.
Spot gold was up 1.1% at $2,363.42 per ounce by 0936 GMT after hitting a record high of $2,365.09.
Spot gold rose 0.5%, to $2,182.77 per ounce, by 09:58 a.m. EDT (1358 GMT), having jumped as much as 1.3% earlier in the session. U.S. gold futures for April delivery rose 0.3%, to $2,183.00.
Spot gold was up 0.3% at $2,171.42 per ounce, as of 1116 GMT, while silver rose 0.3% to $24.73.
Spot gold was up 0.2% to $2,024.49 per ounce by 11:28 a.m. ET (1628 GMT). US gold futures also gained 0.2% to $2,025.70.
On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 173, or 0.28 per cent, at Rs 62,169 per 10 grams in a business turnover of 9,777 lots.
Gold Price Outlook: In 2023, gold prices surged 13 percent, giving investors remarkable returns. Now in 2024 as well, analysts expect the yellow metal to continue its stellar run.
Spot gold was up 0.5% at $2,001.97 per ounce by 2:30 p.m. ET (1930 GMT), and has risen over 1% so far this week. US gold futures settled 0.5% higher at $2,003.00.
Spot gold was down 0.4% to $1,972.60 per ounce as of 1550 GMT (1050 ET), after rising as high as $1,993.29 on November 17. US gold futures fell 0.5% to $1,975.00.
Spot gold was down 0.5% at $1,958.44 per ounce by 1504 GMT. U.S. gold futures slipped 0.5% to $1,964.50.
Spot gold was down 0.5% at $1,983.59 per ounce at 10:46 a.m. ET (1546 GMT) after rising above the key $2,000 level on Friday. U.S. gold futures fell 0.4% to $1,990.40.
Spot gold was little changed at $1,981.53 per ounce by 12:50 p.m. ET (1650 GMT). U.S. gold futures gained 0.1% to $1,989.20.
Spot gold rose 0.2% to $2,000.20 per ounce by 1212 GMT, having spiked as high as $2,009.29 on Friday. U.S. gold futures also rose 0.2% to $2,009.70.
Spot gold rose 0.4% to $1,946.58 per ounce by 0937 GMT after shedding 1% in the previous session. U.S. gold futures rose 0.2% to $1,961.50.
Spot gold jumped 0.9% to $2,021.39 per ounce by 9:04 a.m. EDT (1304 GMT), rising by as much as 1.3% earlier, while U.S. gold futures rose 0.9% to $2,036.90 per ounce.
In the wake of the Jackson Hole conference this week, investors were torn between fears of a recession and aggressive central bank views, and gold prices on Tuesday marginally increased from a near one-month low in the previous session.