---
title: "Spot gold rose more than 1.8% to surpass $2400 on the \"US CPI release day\", with gold and silver mining stocks generally rising, and Hercules Mining surged over 7%"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/208631749.md"
description: "Spot gold rose 1.8% to surpass $2400 on the US CPI release day. Gold and silver mining stocks rallied, with Hekla Mining up over 7%. Spot silver saw a 2.1% increase, while among gold and silver mining stocks, Hekla Mining closed up more than 7.4%"
datetime: "2024-07-11T21:10:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/208631749.md)
  - [en](https://longbridge.com/en/news/208631749.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/208631749.md)
---

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# Spot gold rose more than 1.8% to surpass $2400 on the "US CPI release day", with gold and silver mining stocks generally rising, and Hercules Mining surged over 7%

Spot gold rose by 1.86% to $2415.48 per ounce, and surged by $20 at 20:30 Beijing time when the US CPI data was released, further rising. The overall intraday trading range was $2371.25-$2424.58, approaching the historical high of $2450.07 set on May 20th. Spot silver rose by 2.10% to $31.4640 per ounce, and spiked from $30.9330 to $31.7537 right after the release of the US CPI data. Among gold and silver mining stocks, Hekla Mining rose by over 7.4%, Pan American Silver by around 5.9%, Coeur Mining by around 5.8%, and Barrick Gold lagged behind with an increase of less than 2.0%. The gold mining stock ETF GDX rose by over 2.8%, while the silver ETF SLV rose by over 1.8%

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