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Yahoo
3 days ago
- Business
- Yahoo
Gold price today, Friday, June 6, 2025: Gold opens below $3,400 ahead of May jobs report
Gold (GC=F) futures opened at $3,377.40 per ounce Friday, up 0.8% from Thursday's close of $3,350.70. Friday's opening price is down slightly from intraday highs above $3,400 achieved earlier this week. The May jobs report from the Bureau of Labor Statistics, released Friday, showed slower hiring and no change from April's unemployment rate of 4.2%. Nonfarm payroll rose by 139,000, beating the expected increase of 126,000, but lagging April's revised increase of 147,000. The stable unemployment rate was in line with expectations. Investors are watching jobs data closely to gauge the economic impact of President Donald Trump's tariff policy and trade war. Rising unemployment may encourage investors to trim their stock positions in favor of gold as they brace for a possible recession. Learn more: How to invest in gold in 4 steps The opening price of gold futures on Friday is up 0.8% from Thursday's close of $3,350.70 per ounce. Friday's opening price marks a gain of 2% over the past week, compared to the opening price of $3,315.10 on May 30. In the past month, the gold futures price has risen 0.4% compared to the opening price of $3,365.50 on May 6. In the past year, gold is up 43% from the opening price of $2,355 on June 6, 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. The next time you go to Costco (COST), you may want to pick up some gold with that rotisserie chicken. Gold prices have been on a run lately, and what more convenient place can you find to buy a commodity? In fact, the club store sells gold bars, silver coins, and platinum bars — three precious metals that many investors use to diversify their wealth. Learn more: Silver prices hit 13-year high as dollar weakens amid tariff uncertainty: 'The breakout has been brewing' The club store first offered gold bars in 2023, then added silver (SI=F) and platinum over the next year or so. Meanwhile, gold is hanging around its all-time high. Gold, silver, and platinum are all up more than at least 22% so far in 2025. Intrigued by Costco's precious metals offering? Read more here to learn key considerations for precious metals investing, the details of the Costco selection, and tips for managing your new investment. 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.
Yahoo
4 days ago
- Business
- Yahoo
Gold price today, Thursday, June 5, 2025: Gold rises as the trade war continues
Gold (GC=F) futures opened at $3,398 per ounce Thursday, up 0.7% from Wednesday's close of $3,373.50. The price of gold today rose above $3,400 in early trading as investors wait for definitive progress on U.S. trade deals. While economic data has largely remained stable since the start of the trade war, signs of negative sentiment are emerging. On Wednesday, a U.S. auto industry group warned that China's restrictions on rare earth exports – a retaliation against tariffs – may soon disrupt vehicle production. Thursday, AICPA and CIMA survey results, polling senior executives in U.S. companies, revealed a sharp downturn in optimism about the economy. Negative economic and political sentiment often increases gold demand, which is considered a store of intrinsic value. Follow Trump tariffs live updates on Yahoo Finance The opening price of gold futures on Thursday is up 0.7% from Wednesday's close of $3,373.50 per ounce. Thursday's opening price marks a gain of 3.5% over the past week, compared to the opening price of $3,283.70 on May 29. In the past month, the gold futures price has risen 4.8% compared to the opening price of $3,242.70 on May 5. In the past year, gold is up 46% from the opening price of $2,326.40 on June 5, 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. After deciding why you want to invest in gold and selecting the size and form of your gold investment, consider your investment timeline as a final suitability check. Gold can be volatile. It has demonstrated extended periods of decline in the past. Extended periods of decline are not acceptable if your timeline is short. The risk is too great that gold's price will be down when you need to liquidate. An extended holding period provides greater potential for reaching your investment goals. As an example, hedging against stock market declines or inflation is a long-term effort. These outcomes will continue to be risks as long as you own stocks or cash deposits. Holding gold as insurance against an economic calamity requires you to keep the asset until you need it. Learn more: How to invest in gold in 4 steps A small gold position can act as a stabilizer for your stock portfolio and your purchasing power. If you choose physical gold stored at home, it can also stand in as currency in the worst of economic crises. Just know that gold has underperformed stocks in the past, so choose your target allocation accordingly. Learn more: What to know before buying gold, silver, or platinum from Costco 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.
Yahoo
5 days ago
- Business
- Yahoo
Gold price today, Wednesday, June 4, 2025: Gold edges up ahead of May jobs report
Gold (GC=F) futures opened at $3,377.80 per ounce Wednesday, 0.8% above Tuesday's close of $3,350.20. The price of gold futures has been moving closer to $3,400 since Monday following reports of new trade tensions between the U.S. and China. President Donald Trump's changing stance on tariffs has contributed to gold's gradual rise this year, as many investors favor safer assets amid an uncertain economic outlook. So far, U.S. inflation and jobs data have not changed meaningfully since the new tariffs were announced in early April. The Bureau of Labor Statistics will release the May jobs report on Friday, June 6. Lower-than-expected jobs performance could send the price of gold higher. The opening price of gold futures on Wednesday is up 0.8% from Tuesday's close of $3,350.20. Wednesday's opening price marks a gain of 2.6% over the past week, compared to the opening price of $3,293.60 on May 28. In the past month, the gold futures price has risen 4.3% compared to the opening price of $3,239.90 on May 2. In the past year, gold is up 44% from the opening price of $2,347.50 on June 4, 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. Tim Manni edited this article.
Yahoo
6 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
17-04-2025
- Business
- Yahoo
Gold price today, Thursday, April 17, 2025: Gold's strength continues
Gold (GC=F) futures opened at $3,357.50 an ounce Thursday, up from Wednesday's close of $3,326.60. The opening price is yet another new all-time high. The price of gold has risen steadily since late 2023, with increasing momentum after President Trump initiated tariffs on all imported goods. Meanwhile, the S&P 500 is down more than 6% over the past month in the wake of ongoing tariff uncertainty and rising trade tensions with China. U.S. tariffs on Chinese goods are now as high as 245%. China has retaliated with limitations on the export of minerals used in semiconductors, antitrust investigations of U.S. companies, and restrictions on specific American businesses, including Boeing, America's largest exporter. The gold futures opening price of $3,357.50 an ounce on Thursday is a record high and nearly 1% higher than Wednesday's close of $3,326.60. Gold is now up more than 12% over the past month, as compared to the March 17 opening price of $2,991. Over the past 12 months, gold has gained more than 40% from its opening price of $2,384.20 on April 17, 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. Gold has taken the crown from tech stocks as the most crowded trade on Wall Street. Yahoo Finances' Ines Ferre explained what's driving the surge in gold, and how investing professionals are thinking about the precious metal now and throughout the year. 'To show you the performance of gold year-to-date compared with the MAG 7, take a look: gold up 26% year-to-date for the futures,' explained Ferre. 'And if we look at the MAG 7 stocks year-to-date chart, I'm going to show you Nvidia down 22%, Apple down 22%." 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.
