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Yahoo
an hour ago
- Business
- Yahoo
Gold price today, Tuesday, June 10, 2025: Gold moves higher ahead of inflation report
The price of gold futures (GC=F) opened at $3,346.30 per ounce on Tuesday, up 0.4% from Monday's close of $3,332.10. The gold price briefly dipped below $3,300 on Monday as investors awaited May inflation data and updates on trade negotiations with China. The Bureau of Labor Statistics will release May's Consumer Price Index (CPI) report on Wednesday. According to Estimize, an open financial estimates platform, analysts believe the CPI rose 0.2% in May, which equates to an annual inflation rate of 2.5% vs. 2.3% in April. Yahoo Finance video: Tariffs will impact inflation in a 'steady drip,' not a surge U.S.-China trade talks began Monday amid growing concern among automakers and robotics companies over China's export limits on rare-earth minerals, essential for combustion and electric vehicle production. Worse-than-expected inflation data or stalled trade talks could push the price of gold higher. The opening price of gold futures on Tuesday is up 0.4% from Monday's close of $3,332.10 per ounce. Tuesday's opening price marks a decline of 1.1% over the past week, compared to the opening price of $3,385.10 on June 3. In the past month, the gold futures price has risen 1.4% compared to the opening price of $3,299 on May 9. In the past year, gold is up 46% from the opening price of $2,290.60 on June 10, 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. Investing in gold is a four-step process: Set your goal. Set an allocation. Choose a form. Consider your investment timeline. Today, we're delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy. Learn more: How to invest in gold in four steps Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time. Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities. Scott Travers, author of 'The Coin Collector's Survival Manual' and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold's historic behavior in light of your risk appetite should help you identify the right allocation percentage. Yahoo Finance video: Safe-haven assets: Breaking down what you need to know Remember, too, that your target allocation includes the value of the gold you already own. Travers recommends checking your jewelry box before buying more gold. Given gold's sharp rise in value over the past 12 months and more, your gold jewelry may be worth more than you think. Travers warns against selling your jewelry to buy gold coins because you will pay dealer fees on both transactions. 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.
Yahoo
a day ago
- Business
- Yahoo
Gold price today, Monday, June 9, 2025: Gold opens slightly higher ahead of U.S.-China trade talks
Gold (GC=F) futures opened at $3,333.40 per ounce Monday, up 0.3% from Friday's close of $3,322.70. Gold's small gain follows a milestone day for stocks on Friday, with the S&P 500 closing above 6,000 for the first time since February 21. Investors responded positively to better-than-expected jobs data released on Friday and reports of scheduled trade talks between the U.S. and China, set to begin on Monday. S&P 500 futures (ES=F) are up slightly in early trading hours on Monday. Gold often has an inverse relationship with stock prices, rising when the equity market is uncertain and weakening when investors are bullish on stocks. The opening price of gold futures on Monday is up 0.3% from Friday's close of $3,322.70 per ounce. Monday's opening price marks a gain of 1% over the past week, compared to the opening price of $3,296.90 on June 2. In the past month, the gold futures price has risen 1% compared to the opening price of $3,299.00 on May 9. In the past year, gold is up 40% from the opening price of $2,379.90 on June 7, 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. Investing in gold is a four-step process: Set your goal Set an allocation Choose a form Consider your investment timeline The first step to investing in gold is understanding your goals for buying it. Given gold's historic behavior, three suitable investing goals for a gold position are: Diversification into an asset that moves independently from stock prices Protection against inflation-related loss of purchase power Backup source of value and wealth in an unlikely economic collapse Gold has long been part of a balanced portfolio given its ability to hold its value – or even increase further – when the value of other assets is falling. That is why investors utilize gold as a stabilizer. Investors rely on gold's strength in tough times to limit unrealized losses in equities and inflation-related reductions in purchasing power of cash deposits. That's exactly what we're seeing play out now before our eyes. Gold is also a widely recognized store of value. As such, the precious metal can potentially stand in as a medium of exchange if the dollar collapses. 'I recommend that everyone buy a little gold as a hedge against calamity,' said Scott Travers, author of The Coin Collector's Survival Manual and editor of "COINage" magazine, in an interview with Bottom Line, Inc. Gold 'should be viewed as an insurance policy,' he said. 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 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.
Yahoo
03-06-2025
- Business
- Yahoo
Gold price today, Tuesday, June 3, 2025: Gold moves higher on tariff uncertainty
Gold (GC=F) futures opened at $3,406.50 per ounce Tuesday, up 1% from Monday's close of $3,370.60. The precious metal price rose to $3,417.80 in early trading hours before falling below $3,400. Gold's modest rise follows reports of escalating trade tensions between the U.S. and China, plus the announcement of a higher tariff on steel and aluminum imports. The news did not prompt a broad stock sell-off, however. The S&P 500 rose less than 1% on Monday, and the CBOE Volatility Index (^VIX) elevated early, but fell throughout the day. The CBOE Volatility Index measures the expected 30-day volatility of the S&P 500. The opening price of gold futures on Tuesday was up 1% from Monday's close of $3,370.60. Tuesday's opening price marks a gain of 2.2% over the past week, compared to the opening price of $3,332.50 on May 27. In the past month, the gold futures price has risen 5.1% from its opening price of $3,239.90 on May 2. In the past year, gold is up 46.7% from the opening price of $2,322.60 on June 3, 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. Investing in gold is a four-step process: Set your goal. Set an allocation. Choose a form. Consider your investment timeline. Today, we're delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy. Learn more: How to invest in gold in four steps Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time. Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities. Scott Travers, author of 'The Coin Collector's Survival Manual' and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold's historic behavior in light of your risk appetite should help you identify the right allocation percentage. Yahoo Finance video: Safe-haven assets: Breaking down what you need to know Remember, too, that your target allocation includes the value of the gold you already own. Travers recommends checking your jewelry box before buying more gold. Given gold's sharp rise in value over the past 12 months and more, your gold jewelry may be worth more than you think. Travers warns against selling your jewelry to buy gold coins because you will pay dealer fees on both transactions. 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.
Yahoo
02-06-2025
- Business
- Yahoo
Gold price today, Monday, June 2, 2025: Gold ticks up as trade tensions rise
Gold (GC=F) futures opened at $3,323 per ounce Monday, up 1% from Friday's close of $3,288.90. In early trading, the price of gold today remains below the highs of over $3,400 achieved in early-May and the second half of April. President Donald Trump's trade war continues to impact the financial markets. S&P 500 and Dow Jones futures fell Monday after the Chinese Ministry of Commerce said it would retaliate against the U.S. for violating their trade deal. A weaker outlook for stocks often prompts a rise in gold futures, as investors seek shelter in safer assets. The opening price of gold futures on Monday is up 1% from Friday's close of $3,288.90. Monday's opening price is nearly flat over the past week, compared to the opening price of $3,328 on May 23. In the past month, the gold futures price is up 2.6% compared to the open of $3,239.90 on May 2. In the past year, gold has gained 43% versus the opening price of $2,322.60 on June 3, 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. Investing in gold is a four-step process: Set your goal Set an allocation Choose a form Consider your investment timeline The first step to investing in gold is understanding your goals for buying it. Given gold's historic behavior, three suitable investing goals for a gold position are: Diversification into an asset that moves independently from stock prices Protection against inflation-related loss of purchase power Backup source of value and wealth in an unlikely economic collapse Gold has long been part of a balanced portfolio given its ability to hold its value – or even increase further – when the value of other assets is falling. That is why investors utilize gold as a stabilizer. Investors rely on gold's strength in tough times to limit unrealized losses in equities and inflation-related reductions in purchasing power of cash deposits. That's exactly what we're seeing play out now before our eyes. Gold is also a widely recognized store of value. As such, the precious metal can potentially stand in as a medium of exchange if the dollar collapses. 'I recommend that everyone buy a little gold as a hedge against calamity,' said Scott Travers, author of The Coin Collector's Survival Manual and editor of "COINage" magazine, in an interview with Bottom Line, Inc. Gold 'should be viewed as an insurance policy,' he said. 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 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.
