Gold (GC=F) opened at $3,246 Monday, up from Friday’s closing price of $3,222.20. The futures price of the precious metal hit a new high on Friday amid uncertainty about U.S. tariffs and a looming trade war with China.
Gold’s strength follows nearly two weeks of changing tariff policy from the U.S. presidential administration and volatility in stock markets worldwide. In the U.S., the S&P 500 rose 8.2% between April 7 and April 11 after falling 8.2% in the prior week. U.S. tariffs currently in effect include a 145% levy on Chinese goods and a baseline tariff of 10% on many other countries. Several countries have no baseline tariff, including Canada, Mexico, Russia, and North Korea.
Gold’s opening price of $3,246 on Monday is 0.74% higher than Friday’s closing price of $3,222.20. In the past month, gold is up about 8% from its opening price of $2,994.40 on March 14. Over the past year, gold has gained more than 37% from its opening price of $2,362.10 on April 15, 2024.
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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With increasing financial uncertainty, people are jumping into gold. And gold is responding with recent all-time highs. However, if you’ve started tracking the price of gold, you’ll see it drop just as fast as it spins up.
Gold prices are notoriously volatile. If you want to invest in gold, you need to get comfortable with it.
Gold does not behave like cash, stocks, or bonds — and that is exactly what you’re looking for in an alternative asset. Let’s explore what you need to know by explaining the gold investing process in four steps.
Learn more: How to invest in gold in four steps
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 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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