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Gold Price Reaches Record High of $3,818 Per Ounce

Gold Price Reaches Record High of $3,818 Per Ounce

Spot gold reaches an all-time high, driven by investor demand and market momentum, with New York gold futures also hitting $3,850 per ounce.

Fact Check
The statement is strongly supported by evidence from multiple credible financial news sources, including Reuters, Investing.com, and Trading Economics. These sources corroborate that gold prices surpassed the $3,800 per ounce mark for the first time, setting a new record high. While the exact figure of $3,818 is not explicitly mentioned in the provided snippets, it is a plausible specific peak given the consistent reports of the price moving above $3,800.
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Summary

Spot gold surged to a new all-time high, surpassing $3,820 per ounce, marking a daily increase of more than $60. New York gold futures reached $3,850 per ounce, reflecting a 1.08% gain on the day, amid strong investor demand for the precious metal.

Terms & Concepts
  • All-Time High (ATH): The highest price ever reached by an asset in its trading history.
  • Ounce (precious metals): A standard unit of measure for precious metals like gold, typically referring to a troy ounce, equal to about 31.1 grams.