Gold price today, Monday, January 26: Gold opens above $5,000 for the first time

Gold (GC=F) futures opened at $5,013.40 per troy ounce on Monday, up 0.7% from Friday’s closing price of $4,979.70. This was the first time the price of gold opened above $5,000. Gold’s move above $5,000 follows a weekend threat by President Trump to levy a 100% tariff on all Canadian imports if the U.S. neighbor “makes a deal with China.” While Trump’s Truth Social post isn’t specific, the threat likely relates to a trade partnership Canada recently announced involving Chinese electric vehicles and Can ...