Spot gold climbs 1.5% on the day to $4,327.9 an ounce

A 1.5% single-session move in gold is notable mainly because the metal rarely travels that far in a day without a macro catalyst, and none is visible in the item itself. That gap matters: it leaves the driver unidentified, which makes the move harder to read as either a durable repricing or a short-lived squeeze. For RWA and tokenized-gold products that track spot, the practical question is whether this kind of daily amplitude continues, since it feeds directly into the volatility and liquidity profile such instruments inherit. Whether a catalyst later surfaces is the open question.