Gold futures top $4,200 for first time since July 6
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Gold futures on the Comex exchange breached $4,200 per troy ounce on August 5, topping the level for the first time since July 6. The December delivery contract rose 1.15% to $4,200.4 by 10:24 Tashkent time, then extended gains to $4,201.9, up 1.19%.
The Breach
Gold futures for December delivery on the Comex exchange topped $4,200 per ounce on August 5, the first time since July 6. The contract rose 1.15% to $4,200.4 by 10:24 Tashkent time, then accelerated to $4,201.9 within seven minutes. The move pushed gold to its highest level in nearly a month.
Trading Session
The price surge occurred during Asian trading hours on Comex, with the December contract breaking through the psychologically significant $4,200 mark. By 10:31, the price had climbed further to $4,201.9, representing a 1.19% gain on the session. The December contract is the most actively traded gold futures contract on Comex, with deliveries set for later this year.
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