Gold hits $4,080 as precious metals rally broadly

Spot gold rose 0.4% on the day, with silver, platinum and palladium all posting gains alongside.

Staff Writer

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Spot gold rose 0.4% to $4,080.38 per ounce on Wednesday, with US August futures up 1.1% to $4,078. Silver, platinum and palladium all posted gains in the same session.

Key points

  • Spot gold climbed 0.4% to $4,080.38 per ounce
  • Silver rose 1% to $58.20 per ounce
  • Palladium led gains, up 1.9% to $1,270.50

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Gold climbed to $4,080.38 per ounce in spot trading on Wednesday, a gain of 0.4%, while US August gold futures rose 1.1% to $4,078.

The broader precious metals complex moved in the same direction. Silver added 1% in spot trading to reach $58.20 per ounce. Platinum gained 0.3% to $1,616.84, and palladium advanced 1.9% to $1,270.50.