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Gold Futures Hit New Record at $4,697.71 Per Ounce

Gold Futures Hit New Record at $4,697.71 Per Ounce

Spot gold’s rally past $4,850 per ounce on January 21 sets a new high, highlighting strong momentum in both spot and futures markets early in the year.

Summary

Spot gold surged 1.83% on January 21 to $4,850 per ounce, marking a new all-time high and eclipsing the previous day’s $4,700 record. This rise follows a gold futures peak of $4,697.71 per ounce, signaling continued strength in precious metals driven by strong investor demand.

Terms & Concepts
  • Futures contract: A standardized agreement to buy or sell an asset at a set price on a future date.
  • Gold futures: Exchange-traded derivatives linked to gold prices, quoted per ounce.