Spot Gold Breaks Above $4,350 with Strong Intraday Rally

Spot Gold Breaks Above $4,350 with Strong Intraday Rally

Spot gold climbed 1% on December 15 to $4,343.39 per ounce, indicating renewed bullish sentiment in the precious metals market.

Fact Check
The assessment is primarily based on one highly authoritative and directly relevant source that confirms the statement. The Forbes article explicitly states that "spot gold hit an all-time high above $4,381 in October," which is greater than the $4,350 threshold mentioned in the claim. This provides direct and strong evidence in favor of the statement's truthfulness.Further supporting this conclusion, another source, Trading Economics, reports a recent gold price of "around $4,320 per ounce." While this figure is slightly below the $4,350 mark, it establishes that gold prices have been in this very high range, making an intraday peak exceeding $4,350 highly plausible. The other high-authority sources from Investing.com, Reuters, and Bloomberg are dedicated financial data providers, and their inclusion as relevant sources reinforces the idea that such a price movement would be widely tracked and reported.There is no conflicting evidence among the provided sources. The sources that discuss silver prices are correctly identified as irrelevant. The combination of direct confirmation from a credible source and strong circumstantial evidence from another, without any contradictions, leads to a high confidence assessment that the statement is likely true.
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Summary

Spot gold rose 1% intraday on December 15, reaching $4,343.39 per ounce. This gain follows prior volatility earlier in December, when prices had fluctuated sharply around the $4,350 mark. The latest rally reflects strengthening demand in the precious metals market.

Terms & Concepts
  • Spot Gold: The current market price at which gold can be bought or sold for immediate delivery.