Gold Surges Past $4,590 as Dollar Falls
Spot gold has surged past $4,590 per ounce, reaching an intraday high of $4,589.91 and rising 1.57% in a single day.
The COMEX gold futures main contract is also up 1.66% on the day, trading at $4,647.50 per ounce.
The US dollar index, which gauges the greenback's strength against six major currencies, dipped by 0.09% to close at 98.801 in late New York trading.