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October Surprise 2024

Gold futures rise above $4,000 per ounce for the first time

Gold futures in New York briefly jumped above the $4,000 mark just after 9 a.m. ET, a record high. The going price for New York spot gold had previously closed at $3,960.60 per troy ounce — the standard for measuring precious metals — Monday. Gold sales can rise sharply when anxious investors seek secure investments for their money.