Gold Climbs Above $4,000 an Ounce After 2% 24-Hour Gain

Gold climbed above $4,000 an ounce after gaining 2% over 24 hours, with its reported quote at $4,000.11 at 12:52 a.m. ET (05:52 UTC) Wednesday. That placed the metal just beyond the round-number threshold.

The market identifier in the update was XAUUSD, a quotation for gold priced in U.S. dollars. The unit was dollars per ounce, so the $4,000.11 figure represents the price of one ounce at the reported time. The 2% figure describes gold’s change over the 24 hours ending with that update. The level and percentage together summarize the latest price and the size of its daily move.

The update carried a timestamp of 1:52 p.m. China time on Nov. 4, which converts to 12:52 a.m. ET in the United States. For readers following cross-asset markets, the reported move was a 2% increase in gold over a single day. The figure is a 24-hour price change, while the quoted $4,000.11 is a single time-stamped level.