The Comex December gold contract touched $4,421.50 an ounce in early trade, its highest since mid-June, and traded 0.3% higher at $4,411.20 by midday in New York. Spot gold rose 0.4% to $4,357.11. Spot silver rose by a similar margin to $64.94, stretching the white metal’s gain over the past week to more than 12%. Gold remains nearly a fifth below its level before the war began in late February. Monday’s levels leave gold roughly flat for 2026, after a peak above $5,375 in late January and a bear-market low near $4,000 in late June.