Gold price today, Tuesday, January 6, 2025: Gold opens above $4,400 ahead of new economic data

Gold (GC=F) futures opened at $4,459.80 per troy ounce on Tuesday, up 0.2% from Monday’s closing price of $4,451.50. The price of gold rose in early trading. The U.S. capture of Venezuelan President Nicolás Maduro supported gold’s rise above $4,400 Monday. However, traders are now shifting their focus to the scheduled economic data releases later this week. Updated numbers on employment, U.S. factory orders, productivity, and consumer credit are expected to influence future policy decisions, including t ...