Gold price today, Wednesday, December 24: Gold opens above $4,500 for the second consecutive day

Gold (GC=F) futures opened at $4,516.70 per troy ounce Wednesday, up 0.2% from Tuesday’s closing price of $4,505.70. This is gold’s second consecutive open above $4,500. Geopolitical risk continues to drive higher prices for gold and other precious metals. The implications of ongoing U.S.-Venezuela tensions have broadened after Russia and China aligned with the South American oil producer. The U.S. has implemented a blockade against Venezuelan oil tankers, seized the country's oil, and pressured Venezue ...