Gold Prices Hit Highest for a Month at $2,400 per Ounce

Gold was one of the best performing assets in the first half of 2024, rising by nearly 13 percent, according to the World Gold Council.

Three 1kg gold bullion bars lay on the counter in a gold dealers in Birmingham's jewelery quarter in Birmingham, England, on Dec. 13, 2023. Christopher Furlong/Getty Images

Gold prices broke through a monthly high during the last trading day of the week after a disappointing U.S. employment report showed lower job additions in June.

Spot gold hit a high of $2,393 per ounce on Friday, eclipsing a month-long high of roughly $2,388 hit on June 7. The new high also appeared to have broken the downward trend triggered after gold prices hit a peak of $2,450 in mid-May.