Gold futures breach $4,150 on Comex for first time since July 22
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Gold futures on the Comex exchange exceeded $4,150 per troy ounce early Thursday for the first time since July 22, according to trading data. The August delivery contract rose as much as 2.79% to $4,151.5 before paring some gains.
The Price Breakout
The August gold futures contract on the Comex exchange rose to $4,151.5 per troy ounce at 05:06 Baku time (01:06 GMT), marking a 2.79% increase. It was the first time the contract had breached the $4,150 level since July 22. The rally pushed gold prices to their highest intraday level in over a week.
Intraday Trading
By 05:35 Baku time, the contract had eased to $4,146 per ounce as morning trading progressed. The earlier surge came during relatively thin Asian trading hours, amplifying price moves. Trading volumes were not immediately available.
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