Gold prices surged sharply, surpassing 4,200 USD/ounce for the first time after nearly 1 month

Châu Anh |

World gold prices continued to rise in the trading session on August 5, returning to the 4,200 USD/ounce zone for the first time since the beginning of July.

On August 5, according to TASS news agency, December gold futures on the Comex commodity exchange (USA) surpassed 4,200 USD/ounce, marking the first time this precious metal has returned to the above mark since July 6.

Market data shows that at 8:24 Moscow time (12:24 Vietnam time), gold futures prices increased by 1.15%, reaching 4,200.4 USD/ounce. Just a few minutes later, at 8:31 Moscow time (12:31 Vietnam time), December gold futures continued to increase to 4,201.9 USD/ounce, equivalent to an increase of 1.19% compared to the previous session.

Reaching the threshold of 4,200 USD/ounce brought gold prices to their highest level in nearly a month, after many weeks of trading below this level since the beginning of July.

Comex is one of the world's largest commodity exchanges, belonging to the US CME Group. This is an important reference market for international gold prices, where gold futures contracts are traded in large volumes and often reflect investors' expectations for the trend of precious metals.

In which, the December delivery contract is one of the highest liquidity terms on Comex and is often used by the market as a basis for monitoring international gold price movements.

Gold prices are considered one of the important indicators of the global financial market. The volatility of this precious metal often attracts the attention of investors, central banks and analysts, because gold is considered an asset with the ability to retain value in the long term and often reacts strongly to changes in the economic, financial and geopolitical environment.

From the beginning of 2026 to now, international gold prices have fluctuated around high price zones many times, reflecting a strong fluctuation trend of the precious metal market. The return of gold above the threshold of 4,200 USD/ounce shows that the upward momentum is still being maintained, although the market will continue to monitor global economic developments in the coming time.

Châu Anh
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