Gold price tops $4,700 for the first time since May 14

The price of the October gold futures contract on the New York Comex exchange rose above $4,700 per troy ounce.

This is evidenced by data from the trading platform.

The precious metal last traded that high in May 2026.

According to information as of 06:10 Baku time, gold quotes were up 0.55%, reaching $4,706.4 per troy ounce.

By 06:30, the pace of growth in the futures price increased — the price stood at $4,713.8 per troy ounce, which corresponds to a gain of 0.77%.