Gold (GC=F) futures opened at $4,061.80 per ounce on Thursday, up 0.5% from Wednesday’s close of $4,043.30. The price of gold has gained 54.3% so far this year.
Conflicts in the Middle East and Ukraine contributed to gold’s historic rise in 2025. The Ukraine war continues, but Israel and Hamas have agreed to a ceasefire and hostage release, according to President Trump. The agreement is a positive milestone for the Gaza conflict, but does not guarantee an end to the two-year-old war.
Other factors supporting high gold values remain, including economic uncertainty in the U.S., central bank demand for gold, and potentially lower interest rates later this year.
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The opening price of gold futures on Thursday is up 0.5% from Wednesday’s close of $4,043.30 per ounce. Thursday’s opening price is up 5.3% from the opening price of $3,856.20 one week ago on October 2. In the past month, the gold futures price increased 11.4% compared to the opening price of $3,647.10 on September 9. Over the past year, gold is up 56% from the opening price of $2,603 on October 9, 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.
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If you are socking gold bars away for a rainy day, there may be an opportunity to earn some tax perks in the process. You could establish a gold IRA to hold those assets and diversify your retirement wealth.
A gold IRA is a specialty form of self-directed IRA that’s designed for gold and other precious metals.
The table below compares the main features of standard IRAs and gold IRAs.
You must work with a specialty provider that can ensure your account complies with these IRS restrictions:
Watch to learn more: Changes that could save retirees thousands
Whether you’re tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal’s steady upward climb in value.
