Gold price today, Wednesday, April 16, 2025: Gold opens with new high

Yahoo

16-04-2025

Gold (GC=F) futures opened at $3,248.40 an ounce on Wednesday, up from Tuesday's close of $3,218.70. Gold's highest opening price in history follows ongoing uncertainty about changing U.S. tariff policies and the U.S. inflation outlook.
As the U.S. economy settles into 10% and higher tariffs on all imports, some businesses are already raising prices or adding tariff-related surcharges. Meanwhile, consumers are stocking up on cars, electronics, and other in-demand products ahead of potential further tariff hikes. Rising inflation risk has historically been good for gold prices, as many consider the precious metal an effective inflation hedge.
The gold futures opening price of $3,248.40 an ounce on Wednesday is almost 1% higher than Tuesday's closing price of $3,218.70. In the past month, gold is up more than 8% from its opening price of $2,994.40 on March 14. Over the past year, gold has gained more than 36% from its opening price of $2,384 on April 16, 2024.
Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
If you want to invest in gold but don't want to deal with safely storing physical gold, State Street Global Advisors chief gold strategist George Milling-Stanley told Yahoo Finance that gold ETFs are a great option.
'I think it's important to remember that ETFs are physical gold,' said Milling-Stanley. 'But the only difference between the ETFs and actually owning bars and coins is that you don't have physical possession of the gold that backs gold ETFs. Somebody else looks after that. And that is actually an advantage for an awful lot of investors who see problems with, well, how do I custody this, where do I keep it, do I insure it, do I bury it in the backyard, put it in a safe, what do I do with it?'
Gold ETFs are funds that invest in gold mining stocks or physical gold. Their advantages include:
Easy to store. Like gold mining stocks, ETF shares are essentially digital assets with no storage requirements.
Greater liquidity. Shares of the most popular gold ETFs, like SPDR Gold Shares ($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.
Two disadvantages of gold-backed ETFs over physical gold are:
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.
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.