Spot gold reaches $4,200 an ounce as New York gold futures pass $4,230
In short
Spot gold rose to $4,200 an ounce on October 9, up 1.61% on the day, CLS reported, while New York gold futures broke through $4,230 an ounce, up 1.77%. Jiemian reported that it was the first time since October 2 that spot gold stood above $4,200.
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CLS reported on October 9 that spot gold touched $4,200 an ounce, a rise of 1.61% on the day, and that New York gold futures broke through $4,230 an ounce, a gain of 1.77%. Yicai and Jiemian both reported that spot gold stood above $4,200 an ounce. [ 1 , 2 , 3 ]
According to Jiemian, it was the first time since October 2 that spot gold had stood above that level, with the day's gain exceeding 1.6%. [ 3 ]
Why it matters
Three Chinese business outlets reported the move within about 20 minutes of each other. Jiemian placed it in context as the first time since October 2 that spot gold had stood above $4,200 an ounce.
Key facts
- Spot gold reached $4,200 an ounce on October 9. [ 1 , 2 , 3 ]
- CLS put spot gold's intraday gain at 1.61%; Jiemian said it was up more than 1.6% on the day. [ 1 , 3 ]
- New York gold futures broke through $4,230 an ounce, up 1.77% on the day, according to CLS. [ 1 ]
- Jiemian said it was the first time since October 2 that spot gold stood above $4,200 an ounce. [ 3 ]
Confirmed by several sources
Still unclear
- Whether spot gold held above $4,200 an ounce or only touched the level. CLS said spot gold touched $4,200, while Yicai and Jiemian said it stood above that level; no document gives a later price.
- The gain in New York gold futures to above $4,230 an ounce. Only CLS reported the futures price.
- The cause of the rise. None of the documents gives a reason for the move.
What local media are saying
Timeline, local time
- CLS reports spot gold touching $4,200 an ounce, up 1.61% on the day, and New York gold futures breaking through $4,230, up 1.77%. [ 1 ]
- Yicai reports spot gold standing above $4,200 an ounce. [ 2 ]
- Jiemian reports spot gold above $4,200 an ounce for the first time since October 2, up more than 1.6% on the day. [ 3 ]