Latest news with #Travers
Yahoo
a day ago
- Business
- Yahoo
Gold price today, Tuesday, July 29, 2025: Gold opens below $3,315
Gold (GC=F) futures opened at $3,313.40 per ounce Tuesday, up 0.1% from Monday's close of $3,309.10. Tuesday's starting price represents gold's lowest open since July 9. Investors seem largely focused on the opportunity in stocks. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) reached new highs Monday after the U.S. confirmed a trade deal with the EU. Key reports due this week may fuel — or temper — the bullish sentiment on stocks. The Fed meets on interest rates Wednesday, and June's personal spending report and PCE index, an inflation measure, prints on Thursday. Four Magnificent Seven stocks also report earnings this week: Apple, Amazon, Microsoft, and Meta. Demand for gold can moderate when stock prices rise, since many investors will move to take advantage of the gains. Current price of gold The opening price of gold futures on Tuesday is up 0.1% from Monday's close of $3,309.10 per ounce. Tuesday's opening price marks a decline of 2.9% over the past week, compared to the opening price of $3,411 on July 22. In the past month, the gold futures price has declined 0.2% compared to the opening price of $3,318.70 on June 27, 2025. In the past year, gold is up 39.4% from the opening price of $2,377.30 on July 29, 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. How to invest in gold 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 Count your jewelry 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. Price-of-gold chart 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. Historic price of gold 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.
Forbes
3 days ago
- Sport
- Forbes
Jim Dandy Results: Sovereignty Wins, Baeza Places, And Hill Road Shows
Immediately after Sovereignty's decisive win over Baeza and Hill Road in the Jim Dandy stretch, trainer William Mott was, for a reserved South Dakotan, emotive. His athlete had just brought one of his usual deep closing runs to take the win, and in fact for a few strides he was running dead last as he and jockey Junior Alvarado fired up. The run was not simply in time to hit the wire at a mile-and-an-eighth; it had been something else, too, bringing the trainer a flash look of confirmation that he and the team had been on the right track since the June 7 Belmont, nearly two months back. "Hopefully he comes back good and trains as well for the Travers. We're trying to get ready for the Travers and that's the main objective for everybody,' the trainer said. Quite a lot of the playing public thought he would pull it off, perhaps not with the cliff-hanging moment he provided, but still. Going off at an expectedly low 1-2, Sovereignty paid $3.00. For his part, Junior Alvarado was never in doubt.
Fox Sports
3 days ago
- Sport
- Fox Sports
Sovereignty's thrilling comeback wins the Jim Dandy at Saratoga
Associated Press SARATOGA SPRINGS, N.Y. (AP) — Kentucky Derby and Belmont Stakes champion Sovereignty rallied after losing position heading into the final turn to win the $500,000 Jim Dandy by a length at Saratoga on Saturday. Ridden by Junior Alvarado, Sovereignty ran nine furlongs in 1:49.52 and paid $3 to win as the 1-2 favorite against four rivals, the smallest field of his career. Hall of Fame trainer Bill Mott said Sovereignty would be pointed toward the $1.25 million Travers on Aug. 23 at the upstate New York track. Approaching the turn, there were a few tense moments as it appeared Sovereignty was retreating when losing position to the advancing Baeza and deep closers Sandman and Hill Road, leaving Sovereignty in last for a few strides. Alvarado said he never had a doubt that Sovereignty would come up with his expected run. 'It was everybody else moving and at that time I was just like, 'Alright let me now kind of start picking it up,'' Alvarado said. 'I had 100% confidence. I knew what I had underneath me." Baeza, third to Sovereignty in both the Derby and Belmont, finished second. Hill Road was another 9 1/4 lengths back in third. Mo Plex was fourth and Sandman fifth. ___ AP horse racing: in this topic
Winnipeg Free Press
3 days ago
- Sport
- Winnipeg Free Press
Sovereignty's thrilling comeback wins the Jim Dandy at Saratoga
SARATOGA SPRINGS, N.Y. (AP) — Kentucky Derby and Belmont Stakes champion Sovereignty rallied after losing position heading into the final turn to win the $500,000 Jim Dandy by a length at Saratoga on Saturday. Ridden by Junior Alvarado, Sovereignty ran nine furlongs in 1:49.52 and paid $3 to win as the 1-2 favorite against four rivals, the smallest field of his career. Hall of Fame trainer Bill Mott said Sovereignty would be pointed toward the $1.25 million Travers on Aug. 23 at the upstate New York track. Approaching the turn, there were a few tense moments as it appeared Sovereignty was retreating when losing position to the advancing Baeza and deep closers Sandman and Hill Road, leaving Sovereignty in last for a few strides. Alvarado said he never had a doubt that Sovereignty would come up with his expected run. 'It was everybody else moving and at that time I was just like, 'Alright let me now kind of start picking it up,'' Alvarado said. 'I had 100% confidence. I knew what I had underneath me.' Baeza, third to Sovereignty in both the Derby and Belmont, finished second. Hill Road was another 9 1/4 lengths back in third. Mo Plex was fourth and Sandman fifth. ___ AP horse racing:
Yahoo
3 days ago
- Sport
- Yahoo
Steve Asmussen 'Extremely Happy' With Travers Hopeful Magnitude
Steve Asmussen 'Extremely Happy' With Travers Hopeful Magnitude originally appeared on Paulick Report. Winchell Thoroughbreds' Magnitude worked five-eighths in 1:01.70 Saturday over the Saratoga Race Course main track for Hall of Fame trainer Steve Asmussen as he prepares for a start in the $1.25 million DraftKings Travers (G1) on August 23. 'He went nice and smooth,' Asmussen said. 'He's got several works before the Travers, and we will steadily pick it up with him. I'm extremely happy with how he's doing today.' The Not This Time bay won 2-of-5 starts as a juvenile, taking an optional claimer in November at Churchill Downs ahead of a distant second in the Gun Runner (L) in December at Fair Grounds. Magnitude was a 2 3/4-length sixth in the 1 1/16-mile Grade 3 Lecomte at Fair Grounds to kick off his current campaign, but improved markedly when stretched out to nine furlongs at the Louisiana oval for a frontrunning 9 3/4-length romp in the Grade 2 Risen Star on February 15. He missed the Triple Crown races with an ankle chip but returned victorious last out on July 5 with a 9 1/4-length front-running score in the Iowa Derby (L) at Prairie Meadows over good going. Asmussen said both time and added distance have benefitted Magnitude's improvement. 'He's a horse that always showed a lot of ability but wasn't really living up to how he was training early. He's finally filling out his frame and maturing like we expected him to do. His early form was OK, but his last two races are excellent,' Asmussen said. Magnitude, out of the Bernardini mare Rockadelic, was a $450,000 purchase at the Keeneland September Yearling Sale. His second dam is dual Grade 1 winner Octave, who notched top-flight victories on the NYRA circuit in 2007 in the Mother Goose at Belmont Park and Coaching Club American Oaks at Saratoga. Asmussen said Stonestreet Stables and Peter Leidel's Zeitlos, a half-length second last out at Saratoga over turf in the Grade 3 Caress on July 19, could point to the Grade 1, $500,000 Resorts World Casino Ballerina over seven furlongs on the Spa main track on Travers Day August 23. The versatile Curlin mare has banked in excess of $1.1 million through a 20-9-5-2 ledger that includes a last-to-first score in the six-furlong Grade 2 TCA in October at Keeneland. Asmussen said he had considered entering Zeitlos in the Grade 2 Honorable Miss here last weekend, but preferred to try and diversify her impressive record with a graded turf win. 'She's unbelievably versatile – she gets it from her daddy,' Asmussen said. 'We're going to consider running her back in the Ballerina depending upon how she trains. The Honorable Miss was a solid race but her winning it wouldn't really change her resume with her already winning the TCA and being a graded stakes winner. I like the turf-to-dirt angle possibly for her to find a little more for the Ballerina if that's where we choose to go.' Asmussen has won four races at the current meet – three of which came in New York-bred races, including optional-claiming winner Get a Job; Iron Dome, who took down a maiden for 3-year-olds and up; and Rock It Rob, a 2-year-old Maxfield colt that captured a state-bred maiden on July 18 here. 'The New York-breds have really carried the day for us so far as far as our winners,' said Asmussen, with a laugh. CJ Stables' Rock It Rob made every pole a winning one in his 5 1/2-furlong debut, scoring by 2 3/4-lengths under Jose Ortiz in a strong effort that registered a 54 Beyer Speed Figure. Asmussen said the $95,000 Fasig-Tipton Saratoga Preferred New York-bred Yearling Sale purchase will point to the $150,000 Funny Cide presented by Rood and Riddle Equine Hospital, a six-furlong sprint for state-bred juveniles on August 24 here. 'I'm very happy with his race. I really liked how he came out of it and I think the timing back to August 24 will give him a chance to jump forward,' Asmussen said. Rock It Rob, bred by Joe Fafone, is out of the War Pass mare Miss Vigilance – a half-sister to Grade 1-winner Man From Wicklow and multiple graded stakes-winner Wild Heart Dancing. This story was originally reported by Paulick Report on Jul 26, 2025, where it first appeared.
