troy

Gold generates no income, so whether it is correctly valued at $4,000 for a troy ounce is impossible to assess.

Those factors buoyed gold, perhaps the original refuge from market tumult, pushing most-actively traded futures past $3,000 a troy ounce in March for the first time.

On Wednesday, gold rose further to settle at $4,043.30 a troy ounce.

Elsewhere, gold continued its torrid run, reaching $4,000 a troy ounce for the first time on record.

The median forecast from a survey of 24 analysts and traders were for platinum to average $1,023 a troy ounce in 2024, down from $1,100 returned by a poll three months ago.