Gold (GC=F) futures opened at $3,357.50 an ounce Thursday, up from Wednesday’s close of $3,326.60. The opening price is yet another new all-time high. The price of gold has risen steadily since late 2023, with increasing momentum after President Trump initiated tariffs on all imported goods.
Meanwhile, the S&P 500 is down more than 6% over the past month in the wake of ongoing tariff uncertainty and rising trade tensions with China. U.S. tariffs on Chinese goods are now as high as 245%. China has retaliated with limitations on the export of minerals used in semiconductors, antitrust investigations of U.S. companies, and restrictions on specific American businesses, including Boeing, America’s largest exporter.
The gold futures opening price of $3,357.50 an ounce on Thursday is a record high and nearly 1% higher than Wednesday’s close of $3,326.60. Gold is now up more than 12% over the past month, as compared to the March 17 opening price of $2,991. Over the past 12 months, gold has gained more than 40% from its opening price of $2,384.20 on April 17, 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.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Gold has taken the crown from tech stocks as the most crowded trade on Wall Street. Yahoo Finances’ Ines Ferre explained what’s driving the surge in gold, and how investing professionals are thinking about the precious metal now and throughout the year.
“To show you the performance of gold year-to-date compared with the MAG 7, take a look: gold up 26% year-to-date for the futures,” explained Ferre. “And if we look at the MAG 7 stocks year-to-date chart, I’m going to show you Nvidia down 22%, Apple down 22%.”
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 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.
