Gold surges to $2,935, hits new high as April futures rise 1.64%

Gold prices continue their upward momentum, with COMEX Gold April 2025 futures hitting $2,935.10, marking a 1.64% increase (+$47.50) as of 2:09 PM EST. The metal saw strong buying interest, reaching an intraday high of $2,938.10 and a low of $2,879.90.

This surge comes amid increased investor demand for safe-haven assets, with gold benefiting from global economic uncertainties and inflationary pressures. The metal opened at $2,884.80 and has since seen steady gains throughout the session.

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With trading volume at 148.24K contracts, gold remains a key focus for investors, particularly with its settlement date set for April 28, 2025. The bid price currently stands at $2,934.50, with an ask price of $2,934.60, indicating strong market activity.