Gold Spot Price Rises to $4,082.78 an Ounce as Metal Holds Above $4,000
Updated
Updated · CNBC · Jul 27
Gold Spot Price Rises to $4,082.78 an Ounce as Metal Holds Above $4,000
3 articles · Updated · CNBC · Jul 27
Summary
$4,082.78 per ounce was gold's spot price at 9:00 a.m. ET on July 27, up from $4,055.82 at the same time Friday.
Gold's gain reflects its role as a safe-haven asset that investors often buy during economic or political turmoil, as well as a hedge against inflation and market downturns.
The metal had climbed above $4,100 earlier in the day after last week's nearly 1% advance, when a pause in US-Iran fighting helped calm oil and inflation fears.
For investors, exposure can come through physical bullion or coins, gold IRAs, or gold ETFs, each carrying trade-offs on storage, fees, liquidity and income generation.