Spot Gold Hits $4,449, a 9-Week High Before Closing 1.3% Lower
Updated
Updated · South China Morning Post · Aug 14
Spot Gold Hits $4,449, a 9-Week High Before Closing 1.3% Lower
1 articles · Updated · South China Morning Post · Aug 14
Summary
$4,449 an ounce marked spot gold’s highest intraday level in nine weeks on Thursday, after climbing from $4,409 on Tuesday.
That rally faded by the close, with spot gold ending 1.3% lower at $4,351 an ounce.
Gold’s move was one of the main market focal points this week alongside July US inflation, Unitree Robotics’ blockbuster IPO and CK Hutchison’s interim results.
The swing underscored how quickly investor attention shifted from a fresh high to profit-taking, even as bullion remained near recent peaks.