Spot Gold Rises 1% Intraday to $4,333.64 an Ounce

A 1% intraday move into record territory is less about the headline number than about the persistence of the bid: gold is being bought even after a long advance, which suggests the demand is structural rather than opportunistic. That matters for crypto and RWA markets because bullion is the closest analogue and competitor for the same hard-asset allocation, and sustained strength there tends to shape how tokenized-gold products and broader real-world-asset narratives get positioned. The open question is whether this is momentum chasing or a deeper reserve-style bid — the two imply very different follow-through.