Gold Futures on Comex Hit Record Above $4,350, Touch $4,391

Overview

• Exchange data show the December gold contract trading at $4,377.44 per troy ounce at 7:16 MSK, up $72.84 or 1.69% on the session.
• The intraday high reached $4,391.69, setting a new record for the Comex-traded futures benchmark.
• December silver futures edged higher by 0.19% to $53.395 per ounce during the same session.
• The record pertains to New York Comex futures rather than physical retail prices, underscoring futures’ role in price discovery.
• A BCS Investment World analyst said gold could reach $4,500 in 2025 if tensions escalate sharply, adding that a slower path would likely push that level to the following year.