Spot Gold Jumps More Than $100 Intraday to $4,490 an Ounce

According to Bitget data, spot gold returned to $4,500 per ounce on March 27, while New York gold futures also moved above the same level after gains of more than 2.8%.

Summary

Spot gold rose back to $4,500 per ounce on March 27, gaining 2.80% intraday, according to Bitget data. New York gold futures also broke above $4,500 per ounce, rising 2.83% on the same day. The update adds to earlier reports of a sharp intraday advance in gold prices and indicates that both spot and futures markets moved above the $4,500 threshold.

Terms & Concepts
  • Spot gold: The current market price for immediate purchase or sale of physical gold.
  • New York gold futures: Standardized gold contracts traded in New York that reflect expectations for future gold prices.
  • Intraday: Refers to price movements or trading activity that occur within a single trading day.