Gold Futures Soar Above $4,250 Per Ounce in August

Gold futures for December delivery on the COMEX exchange surged past $4,250 per troy ounce, reaching their highest level since June 18, 2026. The contract rose as much as 1.88% to $4,264.50 per troy ounce after earlier gaining 1.56% and breaking through the $4,250 mark.

The price increase was significant enough to push gold futures above $4,200 per troy ounce for the first time since July 6, 2026. At one point, the contract had extended its gains, rising 1.19% to $4,201.9 per troy ounce.