Gold price today, Wednesday, October 22: Gold opens higher after Tuesday’s selloff

Gold investors moved to take profits Tuesday, prompting a quick decline in the precious metal’s value. Gold (GC=F) futures opened at $4,137 per ounce on Wednesday, up 1.2% from Tuesday’s close of $4,087.70. Gold’s value declined 5.7% in trading on Oct. 21. The government shutdown, new tariff announcements, and ongoing trade tensions between the U.S. and China contributed to gold’s steeper trajectory since the middle of August. However, the government shutdown paused the weekly Commitments of Traders repo ...