Tower contracts on gold (GC = F) opened $ 3,357.50 on Thursday, up on Wednesday fence of $ 3,326.60. The opening price is yet another new record of all time. The price of gold has increased regularly since the end of 2023, with increasing momentum after President Trump launched prices on all imported goods.
Meanwhile, the S&P 500 is dropped by more than 6% in the past month in the wake of continuous pricing uncertainty and the rise in trade tensions with China. American prices on Chinese products now reach 245%. China has retaliated with limits to the export of minerals used in semiconductors, antitrust surveys of American companies and restrictions on specific American companies, including Boeing, the largest American exporter.
The gold -term opening price of $ 3,357.50 The ounce Thursday is a record level and almost 1% more than the fence of Wednesday of $ 3326.60 on Wednesday. Gold is now up more than 12% in the last month, compared to the opening price of March 17 of $ 2,991. In the past 12 months, gold has won more than 40% on its opening price of $ 2,384.20 on April 17, 2024.
Golden prices monitoring 24/7: Remember that you can monitor the current gold price on Yahoo Finance 24 hours a day, seven days a week.
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Gold has taken the crown of technological actions as the most congested trade in Wall Street. Ines Ferre of Yahoo Finances explained which stimulates the sharp increase in gold and how investment professionals are thinking about the precious metal now and throughout the year.
“To show you the performance of gold at the start of the year compared to the MA 7, take a look: Gold up 26% year up to date for term contracts,” said Ferre. “And if we look at the Table of Mag 7 of the year, I will show you Nvidia down 22%, Apple decrease 22%.”
Learn more: How to invest in gold in four stages
Whether you follow the price of gold since last or last year, the graphics of the price of gold below show the regular increase in precious metal in value.
Historically, gold has shown rise cycles and lower cycles. The precious metal was in the growth phase from 2009 to 2011. He then dropped, not making a new level for nine years.
During these dull years for gold, your position will have a negative impact on your overall investment yields. If this seems problematic, a lower allowance percentage is more appropriate. On the other hand, you can be ready to accept Gold’s underperformative years so that you can benefit more in the right years. In this case, you can target a higher percentage.
The precious metal has been in recent news in recent times and many analysts are optimistic in gold. In February, Goldman Sachs expected gold earning an additional 8% in 2025, after having increased more than 40% in 2024. He already exceeded this bar by 8%. The concerns about prices and their impact on the American economy are a main factor.
If you want to know more about the historic value of Gold, Yahoo Finance has been following the historic gold price since 2000.
