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Spot Gold Quoted Below $4,000 in Oct. 23 Snapshot With 0.63% Daily Decline

The snapshot listed gold at $3,998.72 an ounce; Reuters had quoted it at $4,041.39 on Thursday afternoon.

Updated 1 min read
Gold bars sit behind a mesh security door inside a bullion vault in London, United Kingdom. / EconoTimes.ai
Gold bars sit behind a mesh security door inside a bullion vault in London, United Kingdom. / EconoTimes.ai

Spot gold was quoted below $4,000 in an Oct. 23 snapshot, after a Reuters reading above the threshold during Thursday trading; the quotes reflect separate observations.

The listed level came to $3,998.72 an ounce, putting it $1.28 under $4,000; the daily change was a 0.63% loss.

Spot gold's Reuters quote was $4,041.39 an ounce at 2:05 p.m. ET Thursday, down 2.4%. A separate Oct. 22 reading also placed bullion below $4,080 per ounce.

EconoTimes previously covered gold below $4,070 amid an oil rally and concerns over higher rates.

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