New York gold futures rise above $5,100, up 2.41% intraday

According to Gate data, New York gold futures have risen above $5,100 per ounce, up 2.41% intraday.

Gold and silver futures opened higher in early trading this week, with some traders hopeful that a new round of record-breaking moves may be imminent. Peter Cardillo, Chief Market Strategist at Spartan Capital Securities, stated in a report: "Both gold and silver are moving higher. Precious metals are gathering momentum during a consolidation phase, potentially laying the groundwork for another bull run to challenge new all-time highs. We recommend buying on dips."