Gold Prices Rise to $4,630 per Ounce as Silver Surges Above $86

Gold Prices Rise to $4,630 per Ounce as Silver Surges Above $86

Spot gold and silver both set record highs intraday, reflecting strong momentum and elevated investor demand in the precious metals market.

Fact Check
The statement is strongly supported by multiple high-authority sources that provide specific, corroborating data. There are no contradictions in the evidence provided.First, the claim that the price of gold reached '$4,490 per ounce' is confirmed by several sources reporting prices extremely close to this figure. One source reports U.S. gold futures settling at $4,496.10. Another data provider shows a daily high of approximately $4,484, while others report highs of $4,480 and a price point of $4,470.87. These slight variations are common across different financial data providers (e.g., spot vs. futures, intraday high vs. settlement price) but all strongly affirm that the price of gold was at or very near the $4,490 level.Second, the claim of an 'increase of approximately $30' is also directly corroborated. One highly relevant source provides daily data showing an opening price of about $4,452 and a high of approximately $4,484, which calculates to a $32 increase. This figure aligns perfectly with the statement's claim of an 'approximately $30' rise.Furthermore, contextual sources confirm the plausibility of the event, noting that gold was trading near all-time highs during this period due to geopolitical risks and a general 'gold price surge'. The consistency across multiple direct and indirect sources provides a high degree of confidence in the statement's accuracy.
Summary

Spot gold reached $4,630 per ounce, up 2.67% intraday to a new record high. Spot silver jumped $6.00 intraday, breaking $86 per ounce, rising 7.59% to a record high. Both metals demonstrated strong upward momentum during the trading session, marking historic levels amid heightened market activity.

Terms & Concepts
  • Spot Gold: The real-time market price at which gold is traded for immediate settlement rather than future delivery.
  • Spot Silver: The current market price of silver for immediate purchase and delivery in the commodities market.
  • Per Ounce: A standard unit of weight used globally to price and trade precious metals such as gold and silver.