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Gold price today, Wednesday, December 24: Gold opens above $4,500 for the second consecutive day
Yahoo Finance· 2025-12-22 13:17
Gold (GC=F) futures opened at $4,516.70 per troy ounce Wednesday, up 0.2% from Tuesday’s closing price of $4,505.70. This is gold’s second consecutive open above $4,500. Geopolitical risk continues to drive higher prices for gold and other precious metals. The implications of ongoing U.S.-Venezuela tensions have broadened after Russia and China aligned with the South American oil producer. The U.S. has implemented a blockade against Venezuelan oil tankers, seized the country's oil, and pressured Venezue ...
Gold price today, Wednesday, December 17: Gold opens above $4,300, rises after shaky employment report
Yahoo Finance· 2025-12-15 12:50
Gold (GC=F) futures opened at $4,333.50 per troy ounce Wednesday, nearly even with Tuesday’s closing price of $4,332.30. The price of gold rose in early trading. Gold’s one-year gain ties its last peak, achieved on Nov. 14. Traders may be betting on more interest rate cuts in 2026, after November’s shaky employment report. The unemployment rate was 4.6%, one-tenth of a point higher than the median forecast and six-tenths of a point higher than it was in January. Unemployment has not exceeded 4.5% since ...
Gold price today, Wednesday, December 3: Gold continues to hang around $4,200
Yahoo Finance· 2025-12-01 13:01
Core Insights - Gold futures opened at $4,215.70 per troy ounce, reflecting a 0.1% decrease from the previous day's closing price of $4,220.80, with early trading showing a rise in gold prices [1] - The upcoming ADP employment report is anticipated to influence Federal Reserve interest rate decisions, with expectations of 40,000 new jobs in November, a decrease from 42,000 in October [1] - Lower interest rates are expected to support gold prices, with speculation surrounding the potential replacement of Fed Chairman Jerome Powell, who has faced criticism for his conservative approach [2] Gold Price Trends - The current price of gold has shown significant year-over-year growth, with a 63.4% increase noted as of November 14 [4] - Weekly and monthly changes in gold prices indicate a rise of 1.2% over the past week and 6% over the past month [7] Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [8] - Physical gold is tangible and easily accessible, while gold mining stocks can be volatile due to their dependence on gold prices and exposure to geopolitical risks [12][16] - Gold ETFs provide liquidity and are tied directly to gold prices, but they come with fund fees that can dilute returns [18][21] - Gold futures allow for leverage and convenience but carry higher risks and complexity [22]
Gold price today, Wednesday, November 19: Gold rises after stock prices fall
Yahoo Finance· 2025-11-17 12:50
Group 1: Gold Price Movement - Gold futures opened at $4,067.80 per ounce, unchanged from Tuesday's close of $4,066.50, with prices rising above $4,100 in early trading [1] - The one-year gain for gold as of November 14 was 63.4%, while it experienced a decline of 1.2% over the past week and 6.6% over the past month [4][8] Group 2: Market Context - Gold prices strengthened slightly following declines in major stock indexes, with the Nasdaq down 1.2%, the Dow Jones down 1.1%, and the S&P 500 down 0.8% [2] - Concerns regarding high valuations of tech stocks are contributing to market volatility, as tech companies invest billions in AI infrastructure, raising questions about the timing and size of potential returns [2] Group 3: Gold as a Safe Haven - Demand for gold typically increases when stock prices fall, as investors seek protection from potential equity losses, reinforcing gold's reputation as a store of value [3]
Gold price today, Wednesday, November 5: Gold opens at lowest since Oct. 28
Yahoo Finance· 2025-11-03 13:34
Core Insights - Gold futures opened at $3,939.50 per ounce, marking a 0.5% decrease from the previous day's close of $3,960.50, which is the lowest opening since October 28 [1] - The price of gold has fluctuated around $4,000 after a recent pullback from all-time highs, influenced by economic uncertainties, a weakening dollar, and a trade agreement with China [2] - Stock prices have declined recently, which may increase demand for gold as a safe-haven asset [3] Current Price of Gold - The current opening price of gold futures is down 0.5% from the previous close, with a notable increase of 62.4% from one year ago as of October 17 [4][8] - The price changes over the past week, month, and year are as follows: -1.1% (week), +0.8% (month), and +43.6% (year) [8] Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [9] - Physical gold encompasses jewelry, bars, and coins, appealing to those who prefer tangible assets [6] - Gold mining stocks are subject to volatility due to their dependence on gold prices and geopolitical risks [11] - Gold ETFs track gold prices and can invest in physical gold, mining stocks, or futures, with SPDR Gold Shares being the largest [15] Advantages and Disadvantages of Investment Options - Physical gold offers easy accessibility and no ongoing fees but has risks of theft and lower liquidity [16] - Gold mining stocks provide greater liquidity and no storage requirements but come with higher volatility and no utility as a medium of exchange [17] - Gold ETFs have advantages like easy storage and liquidity but incur fund fees that can dilute returns [20] - Gold futures allow for leverage and convenience but carry high risk and complexity [21]
Gold price today, Wednesday, October 29: Gold opens flat ahead of Fed rate announcement
Yahoo Finance· 2025-10-27 12:01
Group 1: Gold Price Movement - Gold futures opened at $3,967.20 per ounce, nearly flat with Tuesday's close of $3,966.20, and moved above $4,000 in early trading [1] - The price of gold has changed as follows: one week ago: -3.5%, one month ago: +5.7%, one year ago: +43.3% [7] Group 2: Federal Reserve Interest Rate Expectations - The Federal Reserve is expected to lower interest rates by 25 basis points, with a 99.9% probability that the target federal funds rate will drop to a range of 375 to 400 basis points from the current 400 to 425 [1][2] - Limited data due to the government shutdown has made it challenging for the policymaking committee to evaluate economic risks [2] Group 3: Impact of Interest Rates on Gold Demand - Falling interest rates typically increase demand for gold by making cash and other interest-bearing assets less appealing [3] Group 4: Investment Options in Gold - Common ways to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [8] - Each investment option has its own pros and cons, affecting investor decisions [5][6][11][14][18][19][20]
Gold price today, Wednesday, October 22: Gold opens higher after Tuesday’s selloff
Yahoo Finance· 2025-10-20 12:53
Core Insights - Gold investors took profits, leading to a decline in gold's value, with a notable drop of 5.7% on October 21 [1][2] - The opening price of gold futures on Wednesday was $4,137 per ounce, reflecting a 1.2% increase from Tuesday's close [1][4] - Gold's price has shown significant growth over the past month and year, with a 12.2% increase from $3,688.20 on September 22 and a 51.4% increase from $2,731.70 on October 22, 2024 [4] Market Influences - Factors such as the government shutdown, new tariff announcements, and ongoing U.S.-China trade tensions have contributed to gold's price fluctuations since mid-August [2] - The government shutdown has paused the weekly Commitments of Traders reporting, potentially leading to overbought positions among gold investors prior to the recent selloff [2] Investment Options - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures [6][9] - Each investment option has its own advantages and disadvantages, impacting investor decisions [10][11][14][18] Price Trends - The current price of gold reflects a slight decrease from the previous week's opening price of $4,145, indicating market volatility [4] - The price of gold has been on a steady upward trajectory, with significant increases noted over both the past month and year [4][18]
Gold price today, Wednesday, October 1: Gold eclipses $3,900 as government shutdown begins
Yahoo Finance· 2025-09-29 11:32
Gold Market Overview - Gold futures opened at a record $3,887.70 per ounce, reflecting a 1.2% increase from the previous close of $3,840.80, and rose above $3,900 in early trading [1][3] - The price of gold has seen significant increases over various time frames, with a 3.1% rise from the opening price of $3,769.80 one week ago, a 13.3% increase from $3,432.50 one month ago, and a 47.7% rise from $2,631.40 one year ago [4] Economic Context - The U.S. government shutdown has led to a reduction in federal agency activities, including the Bureau of Labor Statistics, which will temporarily reduce its workforce from 2,055 employees to just one [2] - Analysts and the Federal Reserve are expected to rely on private data sources, such as the ADP payroll report, to assess the economy's health during the shutdown [2] Investment Sentiment - The surge in gold prices is attributed to safe-haven demand as investors react to the potential implications of an extended government closure [3] - Analysts are generally bullish on gold, with predictions from Goldman Sachs Research suggesting that gold could reach $3,700 per troy ounce by the end of 2025, representing a 40% increase from its January 2 opening price of $2,633 [13]
How to invest in gold as bullion surges to record high above $3,700
CNBC· 2025-09-22 17:03
Core Insights - Gold prices have reached a record high of over $3,700 per ounce, with a year-to-date increase of more than 40% and approximately three dozen record closes [2][3] - The demand for gold is expected to grow due to ongoing purchases by global central banks and increased geopolitical tensions [4] Investment Strategies - Investors can gain exposure to gold through physical purchases or gold-related financial investments, with experts recommending gold ETFs as a more efficient option [5][6] - Gold ETFs, such as SPDR Gold Shares (GLD) and iShares Gold Trust (IAU), are highlighted as the most liquid and cost-effective ways to invest in gold [6] Market Dynamics - Gold typically performs well in low-interest-rate environments and during periods of economic uncertainty, making it a preferred safe-haven asset [3] - Financial advisors suggest limiting gold exposure to less than 3% of an overall portfolio due to its volatile nature [7][8]
Gold price today, Wednesday, September 17, 2025: Gold remains above $3700 ahead of Fed rate decision
Yahoo Finance· 2025-09-15 11:30
Core Insights - Gold prices have increased significantly, with a year-to-date gain of 41.6% [1][15] - The Federal Reserve is expected to lower interest rates, which typically supports higher gold prices [2][3] - Analysts are closely watching the Fed's upcoming meetings and statements for further insights on monetary policy [2] Gold Price Trends - The opening price of gold futures on Wednesday was $3,727.30 per ounce, reflecting a 1.2% increase from Monday's close of $3,682.20 [1][4] - Compared to the opening price of $3,625 one week ago, this represents a 2.8% increase [4] - Over the past month, gold futures have risen by 11.4% from an opening price of $3,346.80 on August 15, 2025 [4] - Year-over-year, gold is up 44.4% from the opening price of $2,581.20 on September 17, 2024 [4] Investment Considerations - Investing in gold can be approached through various forms, including physical gold, gold mining stocks, gold ETFs, and gold futures [6][7] - Each investment form has its own advantages and disadvantages, such as liquidity, volatility, and storage requirements [9][10][11] - Analysts suggest that gold mining stocks may offer indirect exposure to gold prices but come with higher volatility compared to physical gold [9][10] Market Outlook - Goldman Sachs Research has projected that gold could reach $3,700 per troy ounce by the end of 2025, indicating a potential 40% increase from its January 2 opening price of $2,633 [15] - Factors driving this bullish outlook include rising demand from central banks and uncertainties related to U.S. tariff policies [15]