Gold (GC=F) futures opened at $4,045.60 per ounce on Tuesday, down 0.7% from Monday’s close of $4,074.50. The price of gold fell below $4,000 in early trading before recovering. The gold price and stock prices have wavered over the past five days, as the U.S. dollar shows strength. Since Nov. 13, the U.S. dollar index (DXY.NYB) is up almost 0.1%, while gold is down 1.6% and the S&P 500 has fallen 2.3%. Interest rate expectations for December have been a primary driver. Traders are currently pricing in a ...

Gold (GC=F) futures opened at a record $3,983 per ounce on Tuesday, up 0.9% from Monday’s close of $3,948.80. The price of the precious metal surpassed $4,000 briefly in early trading before retreating. On Monday, analysts at Goldman Sachs predicted gold would reach $4,900 per ounce by December 2026. A previous Goldman Sachs outlook targeted $4,300 by the end of next year. The updated forecast identified a weaker dollar and gold’s safe-haven status as factors behind the precious metal’s surge this year. C ...