Gold Futures Surge Past $4,350 per Troy Ounce

Gold futures on the Comex exchange have surged past the $4,350 per troy ounce mark, according to trading data reported by TASS. The rally marks the metal's highest levels since mid-2026, with multiple contract months showing significant gains.

On August 5, gold futures for December delivery surpassed $4,200 per troy ounce, hitting their highest level since July 6, 2026. As of 8:24 a.m. Moscow time (05:24 a.m. GMT), gold prices rose 1.15% to $4,200.4 per troy ounce. By 8:31 a.m. Moscow time, the futures price accelerated, pushing the contract to $4,201.9 per ounce, a 1.19% gain.

Later that same day, December futures climbed further, surpassing $4,250 per troy ounce and reaching their highest level since June 18, 2026. As of 2:57 p.m. Moscow time (11:57 GMT), gold prices rose 1.56% to $4,251 per troy ounce. By 3:16 p.m. Moscow time, the rally continued, pushing the contract to $4,264.5 per ounce, a 1.88% gain.

By August 6, gold futures for August 2026 delivery on the Comex exchange—a division of the New York Mercantile Exchange—had risen above $4,350 per troy ounce. As of 4:01 a.m. Moscow time (1:01 a.m. GMT), the gold price was up 4.2% at $4,361.72 per troy ounce. By 5:05 a.m. Moscow time, the price had extended gains to 4.19%, trading at $4,361.1 per ounce.

The steady upward movement across different contract months suggests broad-based strength in the gold market. The reports indicate that the metal is trading at multi-month highs, though the exact peak depends on the contract month and the timing of the data.

TASS, the Russian state news agency, provided these figures based on market and trading data. No other sources were cited in the reports.