Gold (GC=F) futures opened at $4,350.30 per troy ounce Tuesday, up 0.2% from Monday’s closing price of $4,343.60. Gold’s opening price is 4.5% lower than the high of $4,556.30 achieved on Dec. 26. Gold first eclipsed $4,500 a troy ounce on Dec. 23 after trading between $3,900 and $4,400 for most of the fourth quarter. In that range, the price of gold was up about 48% to 67% for the year. The rise above $4,500 pushed the yellow metal to a year-to-date gain of over 70%. Strong central-bank buying, falling ...

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 ...

Core Insights - Gold futures opened at a record price of $3,983 per ounce, reflecting a 0.9% increase from the previous close of $3,948.80, with prices briefly surpassing $4,000 during early trading [1] - Goldman Sachs analysts predict gold prices could reach $4,900 per ounce by December 2026, up from a previous forecast of $4,300 by the end of next year, attributing the surge to a weaker dollar and gold's safe-haven status [2] - The current price of gold has increased significantly, with a 4.1% rise from the opening price of $3,827.50 one week ago and an 11.6% increase from $3,567.80 a month ago, marking a 50.4% rise from $2,648.70 a year ago [3] Price Dynamics - The opening price of gold futures on Tuesday was $3,983 per ounce, up 0.9% from Monday's close [3] - Over the past week, gold prices have risen by 4.1%, and over the past month, the increase is 11.6% [3] - Year-over-year, gold prices have surged by 50.4% [3] Market Influences - Increased demand for gold is driven by central banks, retail investors, and gold-backed ETFs, alongside geopolitical conflicts and trade tensions due to U.S. tariffs [2] - Investors are anticipating lower interest rates from the Federal Reserve, making gold more attractive compared to yield-bearing assets [2] Historical Context - Gold has shown significant volatility historically, with notable trends including a decline of over 65% from April 1934 to July 1970 and a rise of nearly 850% from July 1970 to January 1980 [14] - The long-term performance of gold indicates potential for both significant gains and losses, emphasizing the importance of careful allocation in investment strategies [12][13]