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Gold Breaks Above $4,200 an Ounce After 1.3% 24-Hour Gain

Gold traded at $4,200.79 an ounce at 3:24 a.m. ET on Sept. 30 after rising 1.3% over 24 hours.

Gold bullion bar catching warm light on a precision scale / TokenPost.ai
Gold bullion bar catching warm light on a precision scale / TokenPost.ai

Gold broke above $4,200 an ounce early Wednesday after rising 1.3% over the previous 24 hours, marking a notable move in global markets watched by crypto investors.

The metal traded at $4,200.79 an ounce at 3:24 a.m. ET (07:24 UTC) on Sept. 30. The move took gold above the $4,200 threshold as the asset extended its latest advance.

Gold and cryptocurrencies are separate asset classes, but both are closely followed by investors assessing broader market conditions. The price move gives markets readers a fresh benchmark as trading continues Wednesday.

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