Settled
Gold edges higher; spot price up 0.4 percent to $4,158.17 an ounce
In short
Gold prices edged higher on Monday, with spot gold gaining 0.4 percent to $4,158.17 per ounce as of 01:50 GMT, according to WAM. US gold futures for December delivery rose 0.6 percent to $4,186.40. Other precious metals also firmed: spot silver gained 1.7 percent to $61.40 an ounce, platinum rose 0.6 percent to $1,708.48 and palladium was up 0.6 percent to $1,175.04.
Why it matters
The report is a routine market snapshot carried by the state news agency and republished by a business outlet, so it mainly serves as a daily price reference for traders and holders of gold and other precious metals. Neither document gives a reason for the moves or any indication of what may follow, so the reading is limited to the levels quoted.
Key facts
- Spot gold gained 0.4 percent to $4,158.17 per ounce as of 01:50 GMT on Monday. [ 1 , 2 ]
- US gold futures for December delivery rose 0.6 percent to $4,186.40. [ 1 , 2 ]
- Spot silver gained 1.7 percent to $61.40 per ounce. [ 1 , 2 ]
- Spot platinum was up 0.6 percent at $1,708.48 per ounce. [ 1 , 2 ]
- Spot palladium firmed 0.6 percent to $1,175.04 per ounce. [ 1 , 2 ]
Confirmed by several sources
Still unclear
- The reason for the price moves. Neither document gives a cause, driver or market commentary; both carry only the quoted price levels.
- Where the report was compiled from. Both documents carry the dateline “CAPITALS” without naming a city, so the location of the pricing report is not stated.
What local media are saying
Official sourcesThe state news agency carried a short market report with price levels and percentage moves for gold and other precious metals, and gave no explanation for the moves.
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Business mediaThe business outlet republished the state news agency's market report under the same headline, crediting WAM and adding no reporting of its own.
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