Gold price today, Wednesday, October 8: Gold hits another record as China conflict hits farmers

Gold (GC=F) futures opened at $4,160.10 per ounce on Wednesday, up 0.5% from Tuesday’s close of $4,138.70. Gold set a new record of $4,235 this morning, before retreating somewhat. Gold’s opening price has been above $4,000 for three consecutive days. President Trump again threatened China Tuesday in an ongoing dialogue that’s touched on rare earth minerals, shipbuilding, and now soybeans. Chinese importers have been steady buyers of U.S. soybeans for decades — until Beijing’s reciprocal tariffs made the ...