Gold price today, Wednesday, June 18, 2025: Gold opens strong ahead of Fed projections
Gold (GC=F) futures opened at $3,409 per ounce Wednesday, up 0.7% from Tuesday's close of $3,386.60. The price of gold has opened above $3,400 three times this month but has stopped short of beating its all-time high of $3,485.60, set in April.
Economic and geopolitical factors favor ongoing gold demand. Conflict in the Middle East, plus President Donald Trump's changing tariff demands, create uncertain outlooks for oil prices, inflation, and the overall health of the U.S. economy. While stock prices are still up for the year, investors may react to the Fed's Summary of Economic Projections, to be released Wednesday. Any sign the Fed expects rates to remain high this year could trigger lower stock prices. Gold demand, and thus gold prices, typically rise when investors are pessimistic about stocks.
The opening price of gold futures on Wednesday is up 0.7% from Tuesday's close of $3,386.60 per ounce. Wednesday's opening price marks a gain of 2.4% over the past week, compared to the opening price of $3,328 on June 11. In the past month, the gold futures price has risen 5.6% compared to the opening price of $3,227.70 on May 16. In the past year, gold is up 47.5% from the opening price of $2,311.80 on June 18, 2024.
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.
As we've been saying all week, investing in gold is a four-step process, and today, we'll explore step 3, choosing a form.
Once you define your target gold allocation, you must choose a form of gold to hold. Your three options are:
Physical gold
Gold mining stocks
Gold ETFs
Physical gold includes jewelry, gold bars, and gold coins. The advantages of physical gold include:
Readily accessible for use. If you keep your physical gold at home, it is easily available for you to use as a medium of exchange in an economic emergency.
No added volatility or ongoing fees. Gold mining stocks tend to rise and fall with gold prices, and business-related factors enhance their volatility. Gold ETFs charge administrative fees in the form of expense ratios.
Learn more: Take a deeper dive into the gold sector
The disadvantages of physical gold include:
Risk of theft or loss. Physical gold must be properly secured. Whether you store it in your home or with a depository, gold can be stolen.
Lower liquidity. Physical gold is less liquid than stocks or ETFs. If you are not using the gold as a medium of exchange, you may need to locate a dealer and pay a markup on the sale.
Owning shares in gold mining stocks provides indirect gold exposure. The advantages of mining stocks over physical gold include:
Greater liquidity. Large-cap gold mining stocks like Barrick Gold Corporation (GOLD) and Franco-Nevada Corporation (FNV) generally enjoy a narrow bid-ask spread, which is a sign of liquidity. The bid-ask spread is the difference between what buyers will pay and what sellers will accept.
Easy to store. Stocks live in your brokerage account and do not consume physical space. In normal times, this is an advantage. In an economic catastrophe, this could be a disadvantage if brokers or the stock market are temporarily shut down.
Learn more: The top performing companies in the gold industry
The disadvantages of owning gold mining stocks include:
Greater volatility. Since 2000, gold mining stocks have risen and fallen faster than gold spot prices. And in recent years, gold mining stocks have trended down even as gold has gained value.
No utility as a medium of exchange. Gold mining stocks can appreciate, but they have no direct utility as a medium of exchange.
Gold ETFs are funds that invest in gold mining stocks or physical gold. Their advantages include:
Easy to store. Like gold mining stocks, ETF shares are essentially digital assets with no storage requirements.
Greater liquidity. Shares of the most popular gold ETFs, like SPDR Gold Shares ($GLD), are heavily traded which implies good liquidity.
Tied directly to gold prices. ETFs backed by physical gold can be less volatile than gold mining stocks or gold mining ETFs.
The disadvantages of gold ETFs include:
Fund fees. Funds charge fees, which dilute returns over time. For context, the expense ratio of SPDR Gold Shares is 0.40%. This translates to $4 in fees annually for every $1,000 invested.
No utility as a medium of exchange. As with gold mining stocks, you probably cannot use ETF shares to trade for food in an economic emergency.
Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows 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 May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase.
If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
16 minutes ago
- CNN
Iconic US Steel now 100% owned by Japan's Nippon Steel, despite past Trump opposition
Nippon Steel has finalized its deal to buy 100% of US Steel, the iconic steelmaker that was once the world's most valuable company and a cornerstone of American industrial might. The companies announced Wednesday that the two had completed the partnership. Under the terms of the deal first announced in December 2023, Nippon will buy US steel for $55 per share, or $14.1 billion. The company will also retain its name and Pittsburgh, Pennsylvania headquarters. But while Nippon is buying the entirety of US Steel, under the final deal the US government will gain a say in many key decisions on how the company is run. That includes giving President Donald Trump veto power over any decision to idle plants, reduce production or staffing levels. Despite the terms disclosed Tuesday, the acquisition comes despite Trump's past opposition the deal, saying he would only allow it because it was an 'investment' by Nippon, not an outright purchase. 'It's an investment, and it'll be a partial ownership (by Nippon),' Trump said last month, days after announcing he would approve the deal. 'It will be controlled by the United States, otherwise I wouldn't make the deal.' The deal was previously blocked by President Joe Biden in his final weeks in office, citing national security grounds, and it was opposed by Trump when he was on the campaign trail. But once Trump took office, he said Nippon improved the deal and promised additional investment totaling $14 billion in the company's facilities, although only $11 billion in investment through 2028 is in the agreement Nippon and US Steel signed with the US government. At a rally at US Steel facility outside of Pittsburgh a week after saying he would allow the deal, Trump told a crowd of cheering steelworkers that it would be a good one for them. 'They kept asking me over and over, and I kept rejecting it, no way, no way, no way,' he said. 'The deal got better and better and better for the workers,' Trump said. 'I'm going to be watching over it. It's going to be great.' Trump went on to say that US would keep its blast furnaces operating at full capacity for at least the next decade, and there would be 'no layoffs and no outsourcing whatsoever.' But while some local union officials were at the rally and praised the deal, the United Steelworkers union continued to oppose it. In a statement Sunday it questioned the promises and protections that the deal provides, even with Trump and future presidents having veto power over some moves. 'Perhaps the historic 'USS' logo will remain, but it seems it will be no more than a smoke screen to allow a wholly-owned privately held subsidiary of a Japanese corporation to be called 'American.'' US Steel was once a symbol of American industrial dominance. It was the most valuable company in the world and the first to be worth $1 billion, soon after its creation in 1901. It was also crucial to the US economy throughout much of the 20th century providing the steel needed to build cars, appliances, bridges and skyscrapers, as well as weapons that helped win War War II. But it has suffered through decades of decline since its post-World War II height. It is no longer even the largest US steelmaker, and a relatively minor employer, with 14,000 US employees — 11,000 of whom are members of the USW. This is story has been updated with additional reporting and context.
New York Post
19 minutes ago
- New York Post
Nippon Steel's $15B purchase of US Steel closes — with big role for Trump
Nippon Steel's $14.9 billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for the Trump administration after the Japanese company's 18-month struggle to close the purchase. Under the deal terms, Nippon bought 100% of US Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known and struggling steelmaker. A press release on the filing also discloses details of a national security agreement inked with the Trump administration, which gives President Donald Trump the authority to name a board member as well as a non-economic golden share. Advertisement 4 Under terms of the $14.9 billion deal, President Trump has the authority to name a board member and receives a non-economic golden share. Getty Images Eiji Hashimoto, Nippon Steel's Chairman and CEO, thanked Trump for his role, adding that 'Nippon Steel is excited about opening a new chapter of US Steel's storied history.' The measures agreed to represent an unusual level of control conceded by the companies to the government to save the deal, after a rocky path to approval spurred by high-level political opposition. 86 million tons of steel capacity The golden share gives the US government veto authority over a raft of corporate decisions, from idling plants to cutting production capacity and moving jobs overseas, as previewed in a weekend social media post by Commerce Secretary Howard Lutnick. Advertisement The share also gives the government a veto over a potential relocation of US Steel's headquarters from Pittsburgh, a transfer of jobs overseas, a name change, and any potential future acquisition of a rival business, the release shows. The inclusion of the golden share to win approval from the Committee on Foreign Investment in the US, which scrutinizes foreign investment for national security risks, could drive overseas investors away from US companies, national security lawyers said Monday. The acquisition will give US Steel $11 billion investment in investment through 2028, including $1 billion for a new US mill that will increase by $3 billion in later years, as first reported by Reuters. Advertisement 4 The acquisition will give US Steel $11 billion investment in investment through 2028, including $1 billion for a new US mill that will increase by $3 billion in later years. AP It will also allow Nippon Steel, the world's fourth-largest steel company, to capitalize on a host of American infrastructure projects while its foreign competitors face steel tariffs of 50%. The Japanese firm also avoids the $565 million in breakup fees it would have had to pay if the companies had failed to secure approvals. Nippon Steel said on Wednesday its annual crude steel production capacity is expected to reach 86 million tons, bringing it closer to Nippon Steel's global strategic goal of 100 million tons of global crude steel production capacity. A rocky path The deal's closing was hardly guaranteed, though many investors saw approval as likely after Trump headlined a rally on May 30 giving his vague blessing to an 'investment' by Nippon Steel, which he described as a 'great partner.' Advertisement 4 Nippon Steel said on Wednesday its annual crude steel production capacity is expected to reach 86 million tons. Trump tours a Pennsylvania US Steel plant in May, AP After the United Steelworkers union came out against the deal last year, both then-President Joe Biden, a Democrat, and Trump, a Republican, expressed their opposition as they sought to woo voters in Pennsylvania, a key swing state, in the presidential election campaign. Shortly before leaving office in January, Biden blocked the deal on national security grounds, prompting lawsuits by the companies, which argued the national security review they received was biased. The Biden White House disputed the charge. The steel companies saw a new opportunity in the Trump administration, which opened a fresh 45-day national security review into the proposed merger in April. 4 Eiji Hashimoto, Nippon Steel's Chairman and CEO, thanked Trump for his role, adding that 'Nippon Steel is excited about opening a new chapter of US Steel's storied history.' AFP via Getty Images But Trump's public comments, ranging from welcoming a simple 'investment' in US Steel by the Japanese firm to floating a minority stake for Nippon Steel, spurred confusion. Trump's May 30 rally spurred hopes approval, and sign-off finally came on Friday with an executive order giving the companies permission to combine if they signed an NSA giving the US government a golden share, which they did.
Yahoo
27 minutes ago
- Yahoo
Made in Canada products: A complete guide to buying Canadian brands at the grocery store — food, drinks and more
After more than three months of navigating tariffs and subsequent price increases, many Canadians are still choosing to put their money behind home grown and manufactured goods. As tariff discussions continue to unfold between Canadian Prime Minister Mark Carney and U.S. President Donald Trump, a whopping 95 per cent of more than 9,900 Yahoo Canada readers who voted in a recent poll said that they want to buy Canadian products whenever possible, while only four per cent said the issue didn't concern them. 'I fully intend to buy Canadian and leave American products on the shelves. Most people I know, as well as my family members, are all insisting that they will continue to restrict their purchases to Canadian products even if Trump does not impose tariffs,' a Yahoo Canada reader said earlier this year via e-mail. 'The threat of the punitive tariffs is enough. I will never buy American." 'One option to push back on our American bullies is when we can't find a Canadian alternative, to buy Mexican in solidarity with our true allies — especially when it comes to our groceries," said another. "Failing that, [we can] buy anything other than American - we have lots of choices." "I was always conscientious about Canadian products but now I'm going to be laser-focused on it especially at the grocery store,' a Yahoo Canada reader said. Click here to jump right to our list of Canadian grocery brands By shopping Canadian products and brands, consumers in Canada are exempt from tariffs, which means potentially saving money. Plus, there's the added benefit of supporting Canadian manufacturers who may be impacted by the U.S. import tariffs. Some grocery stores have opted to label Canadian made products with a Canadian flag next to its price tag to help conscious shoppers. Here are some other ways to tell if a product is made in Canada: Look for a "Product of Canada" label This label means that approximately 98 per cent of ingredients, processing and labour used to produce the product areCanadian. According to the Government of Canada, products that claim to be "Canadian" are considered the same as "Product of Canada."Check for "Made in Canada" labels When products are labelled as "Made in Canada" it means that a majority of the product's last substantial transformation occurred in Canada. A substantial transformation of a product would include combining ingredients to create a new product. For example, ingredients like eggs, sugar and butter undergo a substantial transformation to produce cookies. A product can also have a "Made in Canada" label if a majority (at least 51 per cent) of the costs incurred in manufacturing or producing the goods were incurred in Canada even if some ingredients are from other countries. Some packages may include qualifiers to ensure that the consumer knows some ingredients were imported from other countries. Examples of qualifiers can include: Distilled in Canada Refined in Canada Packaged in Canada Processed in Canada Look for 100% claims All ingredients, processing and labour for the product (and all of its components) are from Canada. If you're someone choosing to shop consciously given the tariffs, we've gathered a helpful list of Canadian brands and those manufactured in Canada to help you on your next grocery shop. ADL Agropur Arla's Foods Black Diamond Blakwell Dairy Bothwell Cheese Chapman's Cheez Whiz (manufactured in Canada) Daiya Eagle Brand Earth's Own D. Dutchmen Farms Danone ( brands Activia, Oikos and Danone all prepared in Canada) La Fromagerie Kapuskoise Gay Lea Grass Root Dairies Halo Top Hewitt's Island Farms Laiterie de Caoticook Lactancia Kawartha Dairy Keenan Farms Kraft Singles (manufactured in Canada) Miller's Dairy Natrel Philadelphia Cream Cheese (manufactured in Canada) Saputo Shaw Ice Cream Sheldon Creek Dairy Silani Cheese Slate River Dairy Skotidakis St. Albert Cheese Factory Tre Stelle Triple 'A' Cheese Thunder Oak Cheese Farm Upper Canada Creamery Gunn's Hill Artisan Cheese Dainty Natura Billy Bee Honey Club House Doyon Honey Crave (desserts and dry ingredients) E.D. Smith Jam Ferrero Five Roses Flour No Name Redpath Sugar Robin Hood Flour Shiriff Dr. Oetker You may want to support these Canadian brands and products brewed in Canada: 13th Street Arizona Hard Tea Brasseur de Montreal Blue Moon Black Horse Bohemian Canadian Club Carling Collective Arts Coors Edge Coors Seltzer Coors Light Coors Original Copper Rose Vodka Creemore Springs Crown Royal Dillons Dominion Ale Fine Company Beer Forty Creek Granville Island Brewing Georgian Bay Hop Valley Brewing India Beer Keystone Labatt Blue Laurentide Le Trou du Diable Mad Jack Madrí Excepcional Miller Genuine Draft Miller Lite Miller High Life Molson Canadian Molson Canadian Cold Shot Molson Dry Molson Exel Molson Export Molson Ultra Molson XXX Moosehead Vienna O'Keefe Old Style Pilsner Redstone Rickard's Simply Spiked Sol Tawse Vizzy Hard Seltzer You may want to support these Canadian brands and products manufactured in Canada: Arva Flour Mills Casa Mendoza Country Harvest D'Italiano Dempsters (manufactured in Canada) Dimpflmeier Bakery Gadoua Goh Goh Cereal Grandma Emily Holy Crap Cereal K2 Milling La Milanaise Little Northern Bakehouse NorQuin Nature's Path O'Doughs One Degree Organics Rogers Rudolph's Bakeries Sunny Boy Foods Sunny Crunch Foods Stone Mill Bakehouse Yumi Organics Wonder (manufactured in Canada) Brandt Meats Direct Plus Food Group: Grimm's Fine Foods, McSweeney's Country Prime Meats, Saporé Foods Freybye Greenfield Nautural Meat Co. Harvest Meats Lou's Kitchen Maple Leaf Foods Salumeria il Tagliere Sofina Foods: Janes, Lilydale, Mastro, San Daniele, Riserva, Cuddy, Vienna, Fletcher's, Zamzam Tony's Meats Audrey's Patisserie Camino Chocolate Celebration Cookies Covered Bridge Krack-O-Pop Dare Foods Ganong Chocolates Georgian Bay Granola Company Hardbite Hawkins Cheezies Hippie Snacks Hummingbird Chocolate Humpty Dumpty Inno Foods Johnvince FoodsP Kerrs Canady La Cocina Tortilla Chips La Montagne Chocolates Lady Sarah Cookies Laura Secord Chocolates Leclerc Made Good Foods Maple Leaf CookiesA MDR Nomz Old Dutch OMG! Peace by Chocolate Purdy's Chocolate Ronnie's Original Jumbo Seeds Ross Chocolates Skippy's Kettlecorn Sun-Rype Uncle Bob's Popcorn Voortman Zak Organics Food Alymer Accents Buster Rhino BBQ Sauce French's Mustard (prepared in Canada) Fire in the Kitchen Greetalia Foods GoBio! Organics Heartbeat Hot Sauce Kozlik's Canadian Mustard Kraft Heinz Canada (manufactured in Canada) Little Creek (Salad Dressings) Lord's Hot Sauce PEI Sea Salt Co. Peppermaster Hot Sauces Renées Ro*Tel Silk Road Spices Spice of Life Selections The Ketchup Project Vancouver Sea Salt Windsor Salt Balzac's Coffee Roasters Bean North Roasting Beaver Rock Roastery Coastal Coffee Company Fratello Coffee Roasters Grounded Coffee Company Jumping Bean Coffee Just Us Coffee Laughing Whale Midnight Sun Coffee Roasters Muskoka Roastery Coffee Co. Nabob Salt Spring Coffee Salt Spring Coffee Kintore Coffee Co. Van Houtte 3 Teas Amoda Tea Auras Teas Blue Teapot Capital Tea ChaNoir Citizen Tea David's Tea Distincly Tea Escarpment Gardens Four O'Clock Teas Just Tea Premium Tea Red Rose Tea Shanti Tea Tea Desire Tea Santa Tealchemy Tealish The Naked Leaf The Tea Haus Four O'Clock Teas AlJuice Allen's Alphonso Apple & Eve Clearly Canadian Fairly Fruit Graves Great Value Happy Parent Hydra+ Kiju bilogique Naya Bottled Water Northland Oasis Old Orchard Old South PC Cola Rougemont Ruby Kist SunRype Switch The Pop Shoppe Walter Caesar Whistler Water Note: Coca-Cola and PepsiCo have manufacturing facilities in Canada, but are not Canadian brands. Arctic Gardens (manufactured in Canada) Compliments Cavendish Farms Green Giant (manufactured in Canada) Conscious High Liner Goods M&M Foods McCain Foods Nature's Path President's Choice Support Canadian pet food brands like: Arcana Canadian Naturals Nutram Pet Food Open Farm Orijen Cat Fo Oven Baked Tradition Bonterra Cascades Cashmere Purex Royale Scotties Sponge Towels Tru Earth Nature Clean
