Gold price today, Thursday, February 5: Gold opens below $4,900 per ounce

Gold (GC=F) futures opened at $4,844.70 per troy ounce on Thursday, down 2.1% from Wednesday’s closing price of $4,950.80. The opening price was 13.3% lower than the high of $5,586.20 achieved on Jan. 29. A stronger U.S. dollar kept the gold price down today. The US Dollar Index (DX-Y-NYB) is up 0.2% in the last day and 0.9% in the last five days. In the absence of fresh headlines related to interest rates, tariff threats, and changing U.S. foreign relations, investors may also be more focused on the de ...