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Fri, Apr 11, 2025 3 min read
Gold (GC=F) opened trading Friday at $3,194.20, its highest opening price in history and more than $100 higher than Thursday's starting price of $3,073.90. Investors pushed the gold price higher after tariff tensions between the U.S. and China escalated. President Trump raised the tariff on Chinese goods to 145% after pausing reciprocal tariffs for many other countries.
The S&P 500 opened Friday nearly 2% lower than Thursday. After pausing reciprocal tariffs, Trump said the higher tariffs would return if the U.S. could not agree on terms with its trading partners. Meanwhile, jobless claims for the week ending April 5 came in slightly lower than expected, a sign the job market is not yet affected by tariffs and other U.S. administration policy changes. Gold’s recent strength indicates more investors are seeking the safe-haven asset amid mixed economic news.
Gold's opening price on Friday of $3,194.20 per ounce is up 1.2% from Thursday's closing price of $3,155.20. Gold is also up nearly 10% since it opened at $2,884.90 one month ago on March 11. Over the last 12 months, the price of gold has gained nearly 32% after opening at $2,181 on March 11, 2024.
24/7 gold price tracking: Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
The next time you go to Costco (COST), you may want to pick up some gold with that rotisserie chicken. Gold prices have been on a run lately, and what more convenient place can you find to buy a commodity?
In fact, the club store sells gold bars, silver coins, and platinum bars — three precious metals that many investors use to diversify their wealth.
Learn more: How to invest in gold in 4 steps
The club store first offered gold bars in 2023, then added silver and platinum over the next year or so. Meanwhile, gold is hanging around its all-time high. Both gold and silver are up more than 30% in 2024. Platinum is lagging by comparison, roughly flat on the year and well below its peak price reached in 2008.
Intrigued by Costco's precious metals offering? Read more here to learn key considerations for precious metals investing, the details of the Costco selection, and tips for managing your new investment.
How to invest in gold in 4 steps
What to know before buying gold, silver, or platinum from Costco
Trump's tariffs: What they mean for the economy and your wallet
Create a stock investing strategy in 3 steps
Whether you’re tracking the price of gold since last month or last year, the price-of-gold charts below show the precious metal’s steady upward climb in value.
Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years.
In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage.
The precious metal has been in the news lately and many analysts are bullish on gold. In February, Goldman Sachs expected gold to gain another 8% in 2025, after surging more that 40% in 2024. It's already blown past that 8% mark. Worries about tariffs and their impact on the U.S. economy are a primary factor.
If you are interested in learning more about gold’s historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
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