Spot gold rises above $4,150 an ounce, up 0.4% on the day
In short
Spot gold rose above $4,150 an ounce on October 9, according to Chinese business outlets Yicai, CLS and Jiemian. CLS and Jiemian said the price was up 0.4% on the day. A day earlier, Yicai had reported spot gold above $4,130.
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Spot gold rose to $4,150 an ounce on the morning of October 9, Chinese business outlets reported. CLS said the price touched $4,150 and was up 0.4% on the day. Jiemian reported that spot gold stood above $4,150 an ounce, up 0.40% intraday, and Yicai also reported the price above $4,150. [ 2 , 3 , 4 ]
On October 8, Yicai had reported spot gold above $4,130. [ 1 ]
Why it matters
Three business outlets reported the move within minutes of each other on the morning of October 9. The reports are short price alerts and give no cause for the rise or wider market context.
Key facts
Confirmed by several sources
Still unclear
- What drove the rise in the gold price. None of the reports gives a reason for the move.
- Whether the price held above $4,150. CLS said gold touched $4,150, while Yicai and Jiemian said it stood above that level; none reports later prices.