Gold Surges Past $4,700 for First Time Since May

The price of gold has surpassed $4,700 per troy ounce for the first time since May. The precious metal's value rose above this threshold on the New York Mercantile Exchange (COMEX) for October delivery. According to trading data cited by Report, gold last traded at such a high level in May 2026.

As of 06:10 Baku time, gold prices were up 0.55%, reaching $4,706.4 per troy ounce. By 06:30, the futures contract's growth rate had increased, with the price reaching $4,713.8 per troy ounce, representing a 0.77% gain.