Gold price today, Friday, September 26: Gold edges toward $3,800 on new tariff announcements

Core Insights - Gold futures opened at $3,781.50 per ounce, reflecting a 1.2% increase from the previous day's close of $3,736.90, and have gained nearly 8.5% in September [1][4]. Price Movements - The opening price of gold futures on Friday is up 3.3% from the opening price of $3,659 one week ago on September 19 [4]. - In the past month, gold futures increased by 11.9% compared to the opening price of $3,378.90 on August 26, 2025 [4]. - Over the past year, gold has risen 42% from the opening price of $2,662.30 on September 26, 2024 [4]. Market Influences - President Trump's announcement of new tariffs on various industries, including a 100% levy on branded pharmaceuticals and 25% to 50% on heavy trucks and furniture, has contributed to gold's price increase as investors seek safe-haven assets [2][3]. - The uncertainty surrounding the economic repercussions of Trump's tariff agenda may further drive demand for gold [3]. Industry Trends - Analysts are bullish on gold, with Goldman Sachs predicting a price of $3,700 per troy ounce by year-end 2025, representing a 40% increase from the January 2 opening price of $2,633 [11]. - Rising demand from central banks and uncertainty related to U.S. tariff policy are key factors driving the increase in gold prices [11]. Retail Opportunities - Costco has begun selling gold bars, silver coins, and platinum bars, providing a convenient option for investors looking to diversify their wealth [6][7].