Gold price today, Wednesday, January 21: Gold price surpasses new record of $4,800 per ounce

Group 1: Gold Price Movement - Gold futures opened at $4,767.50 per troy ounce, nearly even with Tuesday's closing price of $4,765.80, and rose more than 2% to surpass $4,800 per ounce for the first time [1][2] - Gold's one-year gain was reported at 74.5% as of December 29, with a weekly increase of 3.4% and a monthly increase of 9.6% [4][7] Group 2: Geopolitical Influences - Ongoing tensions between the U.S. and several European countries regarding President Trump's bid to purchase Greenland are driving gold prices higher, with threats of 10% tariffs on multiple countries effective February 1, increasing to 25% on June 1 [2] - The potential for a revived trade war with Europe has led to a decline in the S&P 500, which fell more than 2% to 6,796.86 at the end of trading on Tuesday, indicating lower risk appetites among stock investors [3] Group 3: Investment Options in Gold - Various ways to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures, each with its own advantages and disadvantages [5][8] - Physical gold is tangible and easy to purchase, while gold mining stocks can be volatile due to their profits being tied to gold prices and exposure to geopolitical risks [11][12] - Gold ETFs track the price of gold and can invest in physical gold, gold mining stocks, or futures, with the largest being SPDR Gold Shares (GLD) [18][21] - Gold futures are standardized contracts to purchase gold at a future date, carrying the highest risk and best suited for professional traders [20][22]