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Gold Futures Reclaim $4,700 as Silver Surges Past $90 in Volatile Precious Metals Trading

Gold futures on the Comex exchange rose above $4,700 per troy ounce for the first time since late April, while silver futures surged past $90, reflecting continued volatility in precious metals markets. Separate reports also noted a previous dip below $4,650, underscoring sharp swings in trading.

By Tertius News AI Desk 1 outlet · 1 distinct · 3 articles Version 1 Coverage Apr 28 – May 13, 2026 Published Aug 14

Lead

Gold futures contracts on the Comex exchange climbed back above $4,700 per troy ounce for the first time since April 27, according to trading data reported by TASS. The move came as silver futures also surged past the $90 mark, highlighting a period of heightened volatility in precious metals markets.

Coverage Comparison

All three reports cited in this article come from TASS, the Russian state news agency. The first report, dated May 13, focused on silver futures for July 2026 delivery surpassing $90 per troy ounce, a level last seen on March 10, 2026. The second, dated May 6, highlighted gold futures for June 2026 delivery crossing the $4,700 threshold, while the third, dated April 28, reported gold briefly dipping below $4,650, its lowest since April 13. The reports are consistent in their use of trading data and Moscow-time stamps, but each emphasizes a different commodity or direction of price movement.

Key Claims

Gold surges past $4,700: According to TASS, as of 11:50 a.m. Moscow time on May 6, gold futures for June 2026 delivery were up 3.14% at $4,711.9 per troy ounce, having surpassed $4,700 for the first time since April 27. By 12:00 p.m. Moscow time, the price had extended gains to $4,720.2, up 3.32%.
Silver breaks $90: TASS reported on May 13 that silver futures for July 2026 delivery rose 5.18% to $90.025 per troy ounce as of 7:15 p.m. Moscow time, the first time above $90 since March 10. By 7:20 p.m., the price had slightly pulled back to $89.78, up 4.89%.
Gold dips below $4,650: In an earlier report dated April 28, TASS noted gold futures for June 2026 delivery had fallen below $4,650 for the first time since April 13, trading down 1.12% at $4,641.3 per troy ounce as of 8:40 a.m. Moscow time. By 8:45 a.m., gold was at $4,638, down 1.19%.
Silver declines in late April: The same April 28 report noted silver futures for May 2026 delivery were down 2.52% at $73.135 per troy ounce.
Gold lower during silver surge: In the May 13 report, TASS also cited gold futures for June 2026 delivery at $4,708.4 per troy ounce, up 0.46%, indicating a modest gain while silver led the rally.

Perspectives

Market Volatility: The sequence of reports from TASS paints a picture of significant short-term swings in precious metals prices. Gold moved from below $4,650 in late April to above $4,700 in early May, while silver first declined to $73 in late April before surging past $90 in mid-May. These fluctuations may reflect changing investor sentiment, macroeconomic data, or geopolitical developments, though the reports offer no explicit causal explanations.

Single-Source Reporting: All three reports originate from TASS, a state-owned Russian news agency. While the data appear straightforward and internally consistent, the lack of corroboration from other outlets (as provided) means these figures should be treated as preliminary. Independent confirmation from financial data providers or other news agencies would strengthen confidence in the reported prices and timing.

Commodity Focus: The reports show a clear focus on futures contracts with specific delivery dates (June 2026 for gold, July and May 2026 for silver). This indicates that the price movements are occurring in the futures market, which may not perfectly mirror spot prices. Investors should note the distinction when interpreting these figures for physical gold and silver markets.

How this outlet told it

A framing line is our reading of that outlet's own text — an interpretation, not a quotation and not a fact we assert. Check it against what the outlet published.

TASS — English as of May 13, 2026, 5:01 PM UTC

Framing: Our reading silver price surge — informative

Facts Included:

silver futures contracts price surpassed $90 per troy ounce
silver price was up by 5.18% at $90.025 per troy ounce
gold futures contracts price was up by 0.46% at $4,708.4 per troy ounce

Read the source article →

TASS — English as of May 6, 2026, 10:15 AM UTC

Framing: Our reading gold price surge — informative

Facts Included:

gold futures contracts price surpassed $4,700 per troy ounce
gold price was up by 3.14% at $4,711.9 per troy ounce

Read the source article →

TASS — English as of Apr 28, 2026, 7:15 AM UTC

Framing: Our reading gold price decline — informative

Facts Included:

gold futures contracts price declined below $4,650 per troy ounce
gold price was down by 1.12% at $4,641.3 per troy ounce
silver futures contracts price was down by 2.52% at $73.135 per troy ounce

Read the source article →

What was claimed, and who backed it

AI-extracted; can misattribute a claim — see Methodology.

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimThe price of silver futures contracts for July 2026 delivery on the Comex exchange has surpassed $90 per troy ounce for the first time since March 10, 2026.	ConfidenceHigh	StatusSingle-source via TASS — English as of May 13, 2026, 5:01 PM UTC
ClaimThe silver price was up by 5.18% at $90.025 per troy ounce.	ConfidenceHigh	StatusSingle-source via TASS — English as of May 13, 2026, 5:01 PM UTC
ClaimThe price of gold futures contracts for June 2026 delivery was up by 0.46% at $4,708.4 per troy ounce.	ConfidenceHigh	StatusSingle-source via TASS — English as of May 13, 2026, 5:01 PM UTC
ClaimThe price of gold futures contracts for June 2026 delivery on the Comex exchange has surpassed $4,700 per troy ounce for the first time since April 27, 2026.	ConfidenceHigh	StatusSingle-source via TASS — English as of May 6, 2026, 10:15 AM UTC
ClaimThe gold price was up by 3.14% at $4,711.9 per troy ounce.	ConfidenceHigh	StatusSingle-source via TASS — English as of May 6, 2026, 10:15 AM UTC
ClaimThe price of gold futures contracts for June 2026 delivery on the Comex exchange has declined below $4,650 per troy ounce for the first time since April 13, 2026.	ConfidenceHigh	StatusSingle-source via TASS — English as of Apr 28, 2026, 7:15 AM UTC
ClaimThe gold price was down by 1.12% at $4,641.3 per troy ounce.	ConfidenceHigh	StatusSingle-source via TASS — English as of Apr 28, 2026, 7:15 AM UTC
ClaimThe price of silver futures contracts for May 2026 delivery was down by 2.52% at $73.135 per troy ounce.	ConfidenceHigh	StatusSingle-source via TASS — English as of Apr 28, 2026, 7:15 AM UTC

Transparency & Audit Trail

1 outlet · 1 distinct · 3 articles consulted: TASS — English 8 claims extracted Version 1 Written 2026-08-14