Gold price today, Friday, December 12: Gold opens above $4,300 for the first time since October

Gold (GC=F) futures opened at $4,309.10 per troy ounce Friday, 0.1% lower than Thursday’s closing price of $4,313. Gold has not opened above $4,300 since Oct. 21. Central bank demand has been instrumental to gold’s gain this year, which now exceeds 63%. The demand will likely remain strong in 2026. More than 90% of central banks surveyed by the World Gold Council earlier this year said central bank reserves would increase over the next 12 months. A record 43% of respondents predicted an increase of thei ...