Latest news with #ScottTravers
Yahoo
5 days ago
- 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
6 days ago
- 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.
Yahoo
08-04-2025
- Business
- Yahoo
Gold price today, Tuesday, April 8, 2025: Investors continue to react
Gold opened at $2,997.50 on Tuesday after declining 2.16% during Monday trading. While the precious metal opened below its historic price milestone of $3,000 per ounce, first achieved last month, the price of gold rose above $3,000 in early trading hours Tuesday morning. Two opposing forces may be creating volatility for gold: Some investors are moving into gold as a safe-haven asset, while others are selling gold to cover stock market losses after the S&P 500 fell more than 9% last week. Yesterday, the spot price for one ounce of gold fell 2.16% to $2,951.30 after opening the day at $3,016.40. The 2.16% decline improved slightly on the intraday low of $2,949.70. Gold is up 16.15% since January 1 and was down 2.55% last week as investors recalibrated in light of U.S. President Trump's tariff announcements on April 2. The recalibration has been rough on equities. The S&P 500 fell 0.2% Monday after a day of volatile trading. This was the large-cap index's third daily loss since President Trump announced his global tariff plan. On Thursday and Friday, the S&P 500 fell 1.79% and 4.12%, respectively. Stock markets in Italy, Spain, France, Hong Kong, Germany, and Japan also lost ground. Investors globally are bracing for possible recession and continued high interest rates in the U.S. The opening price of gold today was $2,997,50, 0.48% lower versus the close of trading on Friday. The price of gold at opening today was 3.33% higher than the opening price one month ago on March 7. The price of gold this morning was 38.31% higher than the opening price one year ago on March 8, 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. Whether you're tracking the price of gold since last month or last year, the price of gold charts below shows the precious metal's steady upward climb in value. 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. 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. Historically, gold has shown extended upcycles and downcycles. 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 the year 2000.
Yahoo
07-04-2025
- Business
- Yahoo
Gold price today, Monday, April 7, 2025: Down from all-time highs
Gold openedat $3,055.10 on Monday, down 3.58% from all-time highs hit last week as investors reacted to U.S. President Donald Trump's April 2 announcement of global tariffs. Weakness in the stock market usually bodes well for gold, but all bets are off the table in today's economic environment. The spot price of gold fell Friday to $3,012 after opening the day at $3,110.15. The 3.17% decline improved slightly on the intraday low of $3,011. Gold is up 16.77% since January 1 and was down 2.55% last week amid the tariff turmoil. The S&P 500 fell 9.1% last week after two historically bad single-day declines. The U.S. dollar also weakened, which is the opposite of the intended tariff effect. Investors are nervous about the U.S. economy and the possibilities of recession and inflation. Gold's record highs last week aligned with the uncertainty, as many consider gold a safe-haven asset when currencies and stocks are volatile. The opening price of gold today was $3,055.10, 1.43% higher than when the markets closed on Friday. The price of gold at opening today was 5.05% higher than when the markets opened one month ago on March 7. The price of gold this morning was 31.37% higher than when the markets opened at this time last year. Don't forget you can track 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. Whether you're tracking the price of gold since last month or last year, the price of gold charts below shows the precious metal's steady upward climb in value. 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. Once you determine you're ready to buy gold for the right reasons, you have three options on where and how to buy it: Physical gold Gold mining stocks Gold ETFs If you're interested in physical gold, do you know that the next time you go to Costco (COST), you can pick up some gold with that rotisserie chicken? If combining your food and gold shopping isn't for you, you can buy physical gold from a gold dealer in your local area. If you're interested in learning more about investing in gold mining stocks, Yahoo Finance tracks the performance of companies principally engaged in gold exploration, mining, processing, extraction, and smelting. You can also monitor the performance of the popular SPDR Gold Shares (GLD) ETF at Yahoo Finance. Gold prices have a history of being notoriously volatile. Gold investors should focus on the historical value gold has gained over many decades and always pair that long-term price appreciation with a balanced portfolio that steadies the ship during the times when gold's value tarnishes. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since the year 2000.
Yahoo
04-03-2025
- Business
- Yahoo
The New England Saltwater Fishing Show will be held this weekend. Here's what to know
The New England Saltwater Fishing Show, the largest show of its type in the Northeast, is this week Friday to Sunday, March 7-9, at the Rhode Island Convention Center. The show features tackle, rods, reels, lures, electronics, charter guides, boats, motors, accessories, clothes and more. Visit more than 340 booths with 18 seminars that will help you catch fish all season. There will be exhibitor show specials and raffles of all types and a charter-for-six show door prize. More: DEM officers say 15% of those who fish RI waters do so without proper license 'Seminars will key in on strategies and tactics to target species such as striped bass, summer flounder, tautog, false albacore and tuna,' said Scott Travers, Show Director and Executive Director of the Rhode Island Saltwater Anglers Association. Visit for updates on seminar topics, speakers and exhibitors at the show. Show hours at the Rhode Island Convention Center are Friday, 1-8 p.m.; Saturday, 9-7 p.m.; and Sunday, 10 a.m.-5 p.m. Children 11-and-under admitted free and on Sunday, Family Day, all women are admitted free. Visit the Kids Casting Area on Saturday and Sunday. All adults who enter the show can register to win a Free Fishing Charter Trip with Capt. Connor MacLeod of Tall Tailz Charters for up to six people. You can purchase raffle tickets for three custom rods donated by Ralph Craft of Crafty One Customs, with the rods displayed at the RISAA membership booths. Tickets at the door are $15. It makes economic sense to fund NOAA as its 2025 annual budget is $6.6 billion, yet fisheries alone have an estimated annual economic impact of over $400 billion. This impact is just the fisheries side of NOAA with no weather/atmospheric benefits noted. Last week an estimated 600 to 880 NOAA employees received layoff notices. Most were classified as probationary, meaning they were hired recently or had recently been promoted to a new position. Officials responsible for the layoffs refused to provide the media with details on the number of employees who received layoff notices. NOAA is responsible for a broad range of research and data supporting agriculture, fisheries, aviation, transportation, marine, weather forecasting (tornadoes, hurricanes, wild fire conditions) and energy sectors. It's mission (visit Our mission, values and vision | National Oceanic and Atmospheric Administration) is "to understand and predict changes in climate, weather, ocean, and coasts, to share that knowledge and information with others, and to conserve and manage coastal and marine ecosystems and resources." Last Wednesday, Sen. Jack Reed of Rhode Island took to the Senate floor to defend NOAA, its work, employees and budget. 'Mr. President, my key topic this morning is to speak about the tremendous value that NOAA — the National Oceanic and Atmospheric Administration — provides the American people," said Reed. "Destroying NOAA, would be an enormous blunder that would hurt our economy, hamper innovation, and increase the risks to American lives and property. The fact is that NOAA accounts for just one-tenth of 1 percent of the federal budget. Yet it is delivering information and research that are absolutely vital to our economic prosperity.' To see Senator Reed's complete statement supporting NOAA and its efforts in the region and nation, visit the Congressional Record at or see the video at 'An Enormous Blunder': Jack Reed Warns Against Cutting NOAA Funding. Thank you, Senator Reed, and the entire Rhode Island and Massachusetts congressional delegations, for being great NOAA advocates. Your support of NOAA and the fishing community is much appreciated. Send your Congress person an email or call them and let them know they need to take action. You can find the names of US House members at , and contact information for US Senators at Dave Monti holds a master captain's license and charter fishing license. He serves on a variety of boards and commissions and has a consulting business focusing on clean oceans, habitat preservation, conservation, renewable energy, and fisheries related issues and clients. Forward fishing news and photos to dmontifish@ or visit This article originally appeared on The Providence Journal: New England Saltwater Fishing Show is in Providence this weekend
