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Gold price today, Wednesday, July 23, 2025: Gold opens at record high
Gold price today, Wednesday, July 23, 2025: Gold opens at record high

Yahoo

time2 days ago

  • Business
  • Yahoo

Gold price today, Wednesday, July 23, 2025: Gold opens at record high

Gold (GC=F) futures opened at $3,444.30 per ounce Wednesday, 0.1% higher than Tuesday's close of $3,439.20. Wednesday's opening price is a record high for the precious metal, which last peaked at $3,444 on June 13. Gold's new peak price comes as the August 1 reinstatement date for reciprocal tariffs approaches. On Tuesday, President Trump announced trade deals with Japan, the Philippines, and Indonesia with import levies ranging from 15% to 19%, plus a 40% tariff on foreign goods routed through Indonesia. The U.S. does not yet have trade deals with the EU or India. Meanwhile, the U.S. dollar (DX=F) is down 10% for the year, which can indicate global concern about the U.S. economy. Historically, a weaker dollar is associated with higher gold prices. Learn more: How the dropping dollar could scramble Trump's agenda Current price of gold The opening price of gold futures on Wednesday is 0.1% higher than Tuesday's close of $3,439.20 per ounce. Wednesday's opening price marks a gain of 3.1% over the past week, compared to the opening price of $3,341.20 on July 16. In the past month, the gold futures price has gained 2.3% compared to the opening price of $3,365.90 on June 23, 2025. In the past year, gold is up 43.8% from the opening price of $2,395.80 on July 23, 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 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 pros and cons 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. Gold mining stocks pros and cons 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 pros and cons 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. Up Next Up Next 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.

Record 21.45 million people vote early in Upper House poll
Record 21.45 million people vote early in Upper House poll

Japan Times

time6 days ago

  • Politics
  • Japan Times

Record 21.45 million people vote early in Upper House poll

The number of people who cast their ballots by Friday under the early voting system for Sunday's Upper House election totaled 21,450,220, a record high for an election for either chamber of parliament, government data showed Saturday. The figure accounts for 20.58% of all voters, the internal affairs ministry said. Many people may have used the early voting system because the election day was set for the middle of a three-day weekend. Early voting for the Upper House election began on July 4, a day after the start of the official campaign period. The number is expected to increase once Saturday's voters are included. The previous record for early voters was 21,379,977 in the 2017 election for the Lower House. The record high for an Upper House election was 19,613,475 in 2022.

ASX smashes closing record, up 0.7pc
ASX smashes closing record, up 0.7pc

Daily Telegraph

time15-07-2025

  • Business
  • Daily Telegraph

ASX smashes closing record, up 0.7pc

Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. ASX hits new record closing high of 8630 points Broad strength across 10 of 11 sectors, led by info tech Rio Tinto appoints Aussie Simon Trott as new CEO ASX closes almost 30 points higher than previous record The ASX 200 surged to a new closing high record today, smashing its previous close of 8603 points set on July 4. The market powered up 0.7% during the session, closing out the day at a very respectable 8630 points. Info tech (+2.16%) and healthcare (+2.04%) led gains, weighed down but ultimately unperturbed by a sullen materials sector that shed 0.28%. Source: Market Index. It wasn't all gloom in the resources sector – the gold index added 1.54% and rare earth stocks continued their bullish run. Arafura Rare Earths (ASX:ARU) climbed 5%, Metallium (ASX:MTM) jumped 16.5% and Dateline Resources (ASX:DTR) surged 28.7%. The latter two, in particular, are viewed as potential winners from American efforts to reshore critical minerals production, laid bare in a multi-billion buckaroo public-private partnership announced with MP Materials last week. Locksley Resources (ASX:LKY), which like DTR holds ground close to MP's Mountain Pass mine on California, was close to 24% higher. Meanwhile, Rio Tinto (ASX:RIO) came out with some late, breaking news, appointing Simon Trott as its chief executive. Replacing Jakob Stausholm, the move will be seen as a major win for the Australian Government, with a local boss to lead the world's second biggest miner for the first time since Sam Walsh's exit in 2016. Trott has been the CEO of the miner's largest business, its Pilbara iron ore operations, since 2021, taking over after the resignation of Chris Salisbury following the Juukan Gorge scandal – a 2020 incident which also forced the exit of then CEO JS Jacques and external affairs chief Simone Niven. Trott will take over officially on August 25, netting a base salary of 1.34 million pounds. "It is a privilege to have the opportunity to lead Rio Tinto, and I am excited about our future," he said. "The progress we have made over recent years gives us a foundation to build on with discipline and focus to deliver improved performance. With our outstanding assets and people around the world, we are well positioned to grow value for shareholders and the communities who host us." Rio shares fell 1.31% today, with Trott's appointment announced after market close. Source: Market Index. Defence stocks locked and loaded Global military expenditure shot up more than 9% from 2023 to 2024, hitting US$2.7 trillion in 2024, according to the Stockholm International Peace Research Institute. As US President Trump turns decades of American foreign policy on its head, threatening to withdraw US support for long-standing defensive treaties, the rest of the world is responding. The European Union has ramped up defence spending more than 30% since 2021, hitting €326 billion in 2024. While it's a sobering peek into the shifting tides of geopolitics, a handful of ASX defence stocks are already stepping into the supply gap. Electro Optic Systems (ASX:EOS) jumped 10.7% in trade today, and the advanced technology system company is far from alone. Shipbuilder and defence contractor Austal (ASX:ASB) added 2.6%, UAV connectivity solution firm Elsight (ASX:ELS) surged 19.2% and counter-drone specialist Droneshield (ASX:DRO) climbed 11.7%. The Vaneck Global Defence ETF (ASX:DFND),which offers exposure to a portfolio of global military or defence industry companies, has also shot up more than 50% in the year to date as investors pour in. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap MIOR Macarthur Minerals 0.003 200% 447404 $99,833 FTC Fintech Chain Ltd 0.004 100% 1592539 $1,301,539 KNG Kingsland Minerals 0.145 53% 290323 $6,893,287 ERL Empire Resources 0.006 50% 1546439 $5,935,653 EEL Enrg Elements Ltd 0.002 33% 1912486 $4,880,668 AKN Auking Mining Ltd 0.006 33% 37340109 $3,096,523 PV1 Provaris Energy Ltd 0.017 31% 4193417 $10,101,617 OEQ Orion Equities 0.195 30% 28466 $2,347,384 AX8 Accelerate Resources 0.009 29% 2097369 $5,720,321 CPM Cooper Metals Ltd 0.048 26% 294686 $2,977,515 PR1 Pure Resources Limited 0.125 25% 440609 $4,600,879 ASN Anson Resources Ltd 0.09 25% 14901420 $99,845,031 CUL Cullen Resources 0.005 25% 250433 $2,773,607 MEG Megado Minerals Ltd 0.04 25% 1909655 $20,661,864 PIL Peppermint Inv Ltd 0.0025 25% 343838 $4,602,180 PPG Pro-Pac Packaging 0.02 25% 352939 $2,907,003 PPY Papyrus Australia 0.01 25% 136062 $4,581,454 RLG Roolife Group Ltd 0.005 25% 2019881 $6,371,125 LKY Locksley Resources 0.115 24% 26061959 $17,050,000 CP8 Canphosphateltd 0.074 23% 187789 $18,405,632 SNS Sensen Networks Ltd 0.037 23% 20027 $23,791,124 IBX Imagion Biosys Ltd 0.017 21% 27940131 $2,818,780 RPG Raptis Group Limited 0.12 20% 140947 $35,068,485 AYT Austin Metals Ltd 0.003 20% 181536 $3,960,478 BNL Blue Star Helium Ltd 0.006 20% 145568 $13,474,426 Making news... Pure Resources (ASX:PR1) is riffing off neighbour Green Critical Minerals' (ASX:GCM) success, launching a graphite review of the Reedy Creek project after GCM released a strong feasibility study for its own McIntosh project. Since McIntosh surrounds Reedy Creek and shares much of the same geology, PR1 is expanding beyond extracting rare earths from garnet to investigate graphite potential, building out its critical mineral offering. AuKing Mining (ASX:AKN) is on the hunt for rare earths at its Myoff Creek project in Canada, preparing to launch a helicopter-based aeromagnetic and radiometric survey over the tenure. Management says they're looking for carbonatite mineralisation over the entire 800ha project area, with a particular focus on a 1.4km by 400m zone where historical exploration highlighted near-surface niobium and rare earth mineralisation. Imagion Biosystems (ASX:IBX) is fast-tracking manufacturing of its MagSense HER2 Imaging Agent for breast cancer detection ahead of a Phase 2 trial, after a productive meeting with the US FDA. IBX is also preparing to submit its investigational new drug application for the imaging agent, tapping Dr William Dooley, a surgical oncologist at the University of Oklahoma Health Sciences College of Medicine, as principal investigator. SenSen (ASX:SNS) raked in full year cash collections of $14.1m this year, a strong 13% increase over the previous reporting period. The AI solutions provider marked its first ever year of positive operating cash flow as well, pulling in $1.9m compared to outflows of $1.3m in the previous financial year, a $3.2m improvement. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap AOA Ausmon Resorces 0.001 -50% 1226988 $2,622,427 SFG Seafarms Group Ltd 0.001 -50% 6000 $9,673,198 SKN Skin Elements Ltd 0.002 -33% 55557 $3,225,642 CTN Catalina Resources 0.003 -25% 1743751 $9,704,076 FAU First Au Ltd 0.003 -25% 16503 $8,305,165 GTR Gti Energy Ltd 0.003 -25% 3176612 $14,835,762 BCB Bowen Coal Limited 0.075 -25% 2076944 $10,775,756 APC APC Minerals 0.008 -24% 10585499 $3,075,800 X2M X2M Connect Limited 0.014 -22% 1532537 $7,831,023 AMS Atomos 0.004 -20% 55022 $6,075,092 M2R Miramar 0.004 -20% 13877015 $4,984,116 MRD Mount Ridley Mines 0.002 -20% 3700 $1,946,223 PRM Prominence Energy 0.002 -20% 891688 $1,216,176 RNX Renegade Exploration 0.004 -20% 150000 $6,441,817 SLZ Sultan Resources Ltd 0.004 -20% 639757 $1,157,350 SPQ Superior Resources 0.004 -20% 2402254 $11,854,914 RDG Res Dev Group Ltd 0.009 -18% 68225 $32,459,439 THB Thunderbird Resource 0.009 -18% 2384348 $4,287,156 RMI Resource Mining Corp 0.014 -18% 2369600 $12,485,707 ARV Artemis Resources 0.005 -17% 1637579 $15,214,033 AZL Arizona Lithium Ltd 0.005 -17% 18139597 $31,621,887 CC9 Chariot Corporation 0.059 -16% 525881 $8,354,764 AJL AJ Lucas Group 0.006 -14% 156934 $9,630,107 BLU Blue Energy Limited 0.006 -14% 20000 $12,956,815 BYH Bryah Resources Ltd 0.006 -14% 3574 $6,789,675 IN CASE YOU MISSED IT Silver Mines (ASX:SVL) has lodged all information to assist with the redetermination of the Development Application for its flagship Bowdens Silver Project. Zenith Minerals (ASX:ZNC) is gearing up to drill its Dulcie gold project in WA, hoping to unlock a large exploration target. Trek Metals (ASX:TKM) has reported high grade gold from drilling at the Martin prospect at Christmas Creek, as it looks to shore up a district scale opportunity. Miramar Resources (ASX:M2R) finds bedrock gold targets beneath Gidji aircore results. Brazilian Critical Minerals (ASX:BCM) has selected newly formed Altris Engineering as lead engineer for the Ema project bankable feasibility study. DigitalX (ASX:DCC) has rapidly executed its latest capital raise, deploying nearly all proceeds into Bitcoin within hours of settlement. Chariot Corporation (ASX:CC9) has raised $1.6 million in a strategic placement to advance its Nigerian lithium portfolio. Non-bank lender MONEYME (ASX:MME) has become a principal credit card issuer for Mastercard in Australia. IoT technology company X2M Connect (ASX:X2M) is building on lucrative contract wins with a $4.9m capital raise to ramp-up momentum. Many Peaks Minerals (ASX:MPK) has its sights set on a potential bulk tonnage operation at the Ferké gold project in Côte d'Ivoire. Pioneer Lithium (ASX:PLN) has been granted the Botsalano project in southern Botswana, expanding its strategic uranium footprint. Nova Minerals (ASX:NVA) has announced the pricing of its underwritten public offering in the US for gross proceeds of approximately US$11.1 million. EBR Systems (ASX:EBR) has received preliminary approval from US Centers for Medicare and Medicaid Services to participate in the TPT reimbursement scheme. TRADING HALTS At Stockhead, we tell it like it is. While Locksley Resources and Imagion Biosystems are Stockhead advertisers, they did not sponsor this article. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Closing Bell: ASX smashes previous closing record, up 0.7pc

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