Group 1: Gold Price Movement - Gold futures opened at $4,844.70 per troy ounce, down 2.1% from the previous day's closing price of $4,950.80, and 13.3% lower than the high of $5,586.20 achieved on January 29 [1] - The one-year gain for gold as of January 29 was 95.6% [4] - The price of gold has changed as follows: down 10.5% from one week ago, up 10.4% from one month ago, and up 70% from one year ago [8] Group 2: Market Influences - A stronger U.S. dollar has contributed to the decline in gold prices, with the US Dollar Index up 0.2% in the last day and 0.9% over the last five days [2] - The decline in technology stocks, particularly a 1.5% drop in the Nasdaq Composite and a 0.5% slip in the S&P 500, has shifted investor focus away from gold [2] Group 3: Employment Data Impact - The upcoming January employment report is expected to bring more attention to gold prices, with the ADP employment report indicating an addition of 22,000 private jobs in January, significantly below the expected 45,000 [3]
Gold price today, Thursday, February 5: Gold opens below $4,900 per ounce
Yahoo Finance·2026-02-02 13:00