The yellow metal is trading around $1247 an ounce, up $26 (or 2.1%) on the day. Much of the price appreciation has come since noon in North American trading, as the chart below shows.
BNN reporter Amber Kanwar says there may be a large buyer in the market:
Gold popping higher right now. Trader tells me a big buyer is in the market. Up ~$25/oz $GLD $GDX @BNN
- Amber Kanwar (@amberkanwar) December 4, 2013
Thinkorswim