Gold Holds Above $4,000 at $4,009.41 an Ounce After Brief Breakout
Updated
Updated · CNBC · Jun 27
Gold Holds Above $4,000 at $4,009.41 an Ounce After Brief Breakout
3 articles · Updated · CNBC · Jun 27
Summary
$4,009.41 per ounce was gold’s spot price at 9:00 a.m. ET on June 25, up from $3,975.19 at the same time a day earlier.
That move kept bullion above the $4,000 threshold after it briefly broke through earlier, extending demand for the metal as a traditional safe-haven and inflation hedge.
CNBC said investors can gain exposure through physical bullion or coins, gold IRAs, or gold ETFs, each with different trade-offs on storage, liquidity, fees and income generation.
The latest price follows an earlier surge above $4,000 after U.S. weekly jobless claims came in at 215,000, below the 225,000 forecast.