Gold price today, Tuesday, October 21: Gold opens at $4,371 as rare earths take spotlight

Group 1: Gold Price Trends - Gold futures opened at $4,371 per ounce on Tuesday, reflecting a 0.8% increase from Monday's close of $4,336.40 [1] - The price of gold has risen 5.8% from the opening price of $4,131.70 one week ago on October 14 [4] - Over the past month, gold futures increased by 19.5% compared to the opening price of $3,659 on September 19 [4] - Year-over-year, gold is up 60.6% from the opening price of $2,721.90 on October 21, 2024 [4] Group 2: U.S.-China Trade Relations and Rare Earth Minerals - Rare earth minerals are a significant leverage point in the U.S.-China trade war, with China producing over two-thirds of the world's supply [2] - Recent export restrictions by China on these minerals have led to increased tensions, which may drive higher demand for gold [3][2] - President Trump signed a deal with Australia to secure rare earths for the U.S., aiming to reduce reliance on China [2] Group 3: Investment Considerations for Gold - Gold is viewed as a stabilizer in a diversified portfolio rather than a driver of high returns, according to industry experts [9] - Investors are advised to manage pricing risk by having the right expectations and a long-term investment timeline [9] - Gold is considered a speculative asset, influenced by unpredictable macroeconomic and political factors [10]