Gold futures for December delivery on the Comex exchange surpassed the $4,200 per troy ounce threshold on Wednesday, reaching their highest level since July 6, 2026.
Market data showed prices hitting $4,201.9 per ounce in early trading, confirming a renewed push toward multi-month highs.
Handelsavisen previously reported that gold futures for August 2026 delivery had climbed above $4,200 per troy ounce, marking the first breach of that threshold since June 22.
The move marks the first time the benchmark has cleared the $4,200 level since late June, following a period of consolidation.
This development extends the breakout momentum observed in recent sessions, where gold had been holding firm above the psychological barrier.
The price action reflects persistent investor demand for safe-haven assets amid ongoing market uncertainty.
Handelsavisen previously reported that gold futures for August 2026 delivery had climbed above $4,200 per troy ounce, marking the first breach of that threshold since June 22. The current advance in the December contract suggests that buying interest remains robust across the futures curve, rather than being confined to near-term expiry.