Gold prices are indeed current as of today, October 1, 2024. The precious metal has gathered recovery momentum, trading above $2,660 per ounce, driven by escalating geopolitical tensions in the Middle East, particularly with the Israeli army's ground invasion of Lebanon ¹. This surge in gold prices is also attributed to its appeal as a safe-haven asset during uncertain times ¹ ².
Here's a quick rundown of the current gold market:
- *Current Price*: $2,664.41 per ounce ²
- *Daily Change*: $28.70 (1.09% increase) ²
- *Year-to-Date Change*: $600.41 (29.11% increase) ²
Looking ahead, gold is expected to trade at $2,679.92 per ounce by the end of this quarter.