The price of gold (GC=F) hit a record price of $3,193.80 per ounce on Thursday, rising 3% after opening at $3,099.10. The record-high gold price comes after U.S. President Trump announced a 90-day pause on many reciprocal tariffs. Trump also increased the levy on Chinese goods to 145%.
Initially, the market responded positively to the tariff pause. On Wednesday, the S&P 500 rose nearly 10% to $5,456.90. However, the gains were short-lived. The S&P 500 and the Dow Jones Industrial Average both lost ground after the opening bell today as the U.S. appears to be locked in a trade war with China.
Gold reached a record high price of $3,193.80 per ounce on Thursday, 3% higher than the opening price and 0.8% higher than the previous high of $3,168.80 reached on April 2. The new high is 9.7% above gold’s opening price of $2,910.10 one month ago on March 10.
24/7 gold price tracking: Don’t forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
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After deciding why you want to invest in gold and selecting the size and form of your gold investment, consider your investment timeline as a final suitability check.
Yahoo Finance video: Gold investing: Why ETFs can be the best way to go
Gold can be volatile and has demonstrated extended periods of decline in the past. These extended periods of decline aren’t acceptable if your timeline is short. The risk that gold’s price will be down when you need to liquidate is too great.
An extended holding period provides greater potential for reaching your investment goals. As an example, hedging against stock market declines or inflation is a long-term effort. These outcomes will continue to be risks as long as you own stocks or cash deposits. Holding gold as insurance against an economic calamity requires you to keep the asset until you need it.
Learn more: How to invest in gold in 4 steps
A small gold position can act as a stabilizer for your stock portfolio and your purchasing power. If you choose physical gold stored at home, it can also stand in as currency in the worst of economic crises. Just know that gold has underperformed stocks in the past, so choose your target allocation accordingly.
Learn more: What to know before buying gold, silver, or platinum from Costco
Whether you’re tracking the price of gold since last month or last year, the price-of-gold charts below show the precious metal’s steady upward climb in value.
Historically, gold has shown extended up-cycles and down-cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years.
In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold’s underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage.
The precious metal has been in the news lately and many analysts are bullish on gold. In February, Goldman Sachs expected gold to gain another 8% in 2025, after surging more that 40% in 2024. It’s already blown past that 8% mark. Worries about tariffs and their impact on the U.S. economy are a primary factor.
If you are interested in learning more about gold’s historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
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