Summary
- Spot gold prices were reported to have broken above $4,000 an ounce.
- Spot gold was trading at $4,000.3 an ounce during the session, posting a 0.59% gain.
- Ongoing geopolitical tensions and financial-market volatility appear to have supported safe-haven demand, helping underpin gold prices.
Spot gold rose above $4,000 an ounce.
Crypto-focused media outlet BlockBeats reported on July 17 that spot gold crossed the $4,000 threshold during the session.
Spot gold was trading at $4,000.3 an ounce, up 0.59% intraday.
Ongoing geopolitical tensions and volatility in financial markets appear to have supported demand for safe-haven assets, helping underpin gold prices.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.