Gold price today, Thursday, October 16: Gold opens at record $4,225.10 as U.S.-China trade war continues

Group 1: Gold Price Trends - Gold futures opened at a record $4,225.10 per ounce, up 1.2% from the previous close of $4,176.90, marking four consecutive days of price increases [1][3] - The current price of gold has risen 5.3% from the opening price of $4,011.20 one week ago and increased 14.8% from the opening price of $3,681.40 on September 16 [3] - Over the past year, gold prices have surged 58% from the opening price of $2,674 on October 16, 2024 [3] Group 2: Market Context and Investor Behavior - Tensions between the U.S. and China, characterized as a trade war by President Trump, have contributed to the rising gold prices as investors seek safe-haven assets amid uncertainty [2][3] - The upcoming meeting between President Trump and Chinese President Xi Jinping, along with the potential extension of a 90-day tariff pause, adds to the market dynamics influencing gold prices [3]