Resolution criteria
This market resolves YES if the price of gold reaches or exceeds $3,500 per troy ounce at any point before or on July 4, 2025. The market resolves NO if gold fails to reach this price by the end of July 4, 2025.
Resolution will be based on the LBMA Gold Price (formerly known as the London Gold Fix) or another widely recognized gold price benchmark such as COMEX gold futures or spot gold prices as reported by major financial data providers (Bloomberg, Reuters, etc.).
Background
As of late March 2025, gold prices have reached record levels, with spot prices around $3,070 per troy ounce. Gold has shown strong momentum, with a 27% increase in 2024 and approximately 14% rise so far in 2025.
Several major financial institutions have made bullish predictions for gold:
Bank of America has projected gold could reach $3,500, citing increased policy tensions and monetary tightening
Citi suggested gold could hit $3,500 if economic slowdown concerns persist
Goldman Sachs has set a more conservative target of $3,300 for 2025
Factors driving gold's rise include:
Significant central bank purchasing to diversify reserves
Ongoing geopolitical tensions
Inflation concerns and currency volatility
Increased demand for safe-haven assets during economic uncertainty
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@MindBenderMads https://tradingeconomics.com/commodity/gold shows an
intraday high of 3500.00 on Apr 22, but the close and open prices never touched / exceeded 3500.
@trevortaylor resolve please
Note the comment below:
The highest ever COMEX gold spot price reached $3,500 per ounce on April 22, 2025.
@mods whoever resolved it yes we would need some clarification if possible, please?
@Velaris rules say
"reaches or exceeds $3,500 per troy ounce at any point before or on July 4, 2025"
see comment below.
https://www.google.com/search?q=COMEX+gold+spot+price+%24%2Foz+highest+ever&rlz=1C1VDKB_en-GBGB929GB929&oq=COMEX+gold+spot+price+%24%2Foz+highest+ever&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigAdIBCTI0NTc1ajBqN6gCALACAA&sourceid=chrome&ie=UTF-8
The highest ever COMEX gold spot price reached $3,500 per ounce on April 22, 2025.
22 April is in the period of this question.
Other searches find frequent references to
The highest ever price for gold, expressed in US dollars per ounce (USD/oz), reached $3,500.05 on April 22, 2025.
@ChristopherRandles this is random AI answer, there is no other source that says that gold actually reached 3500
@MindBenderMads There are several such sources. Gold touched or slightly exceeded 3500 during intraday trading on Apr 22, as best I can tell.
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/highest-price-for-gold/
https://tradingeconomics.com/commodity/gold