New York gold futures rose to $5,100, gaining 2.41% intraday.

Odaily Planet Daily News reports that, according to Gate data, New York gold futures touched $5,100 per ounce, up 2.41% intraday.

Gold and silver futures opened higher at the start of this week’s trading, with some traders hoping that a new round of record-breaking market activity may be imminent. Spartan Capital Securities Chief Market Strategist Peter Cardillo stated in a report: “Gold and silver both rose, and the precious metals are consolidating and gathering momentum, potentially laying the groundwork for another bull run and pushing toward new historical highs. We recommend buying on dips.”