Gold (GC=F) June futures opened at $4,575.20 per troy ounce on Monday, down 0.4% from the previous closing price on Friday of $4,593.
Gold moved lower in early trading, falling to $4,537.90 by 7:56 a.m
ET. The price of gold opened at its highest level in a week, but opening values have remained within a narrow range for several days now as markets try to digest the latest developments in the Middle East and extract hopeful signals wherever possible. The tenious nature of the war with Iran continues this week, as the world waits for President Trump to sign a ceasefire extension just as Israel and Hezbollah ramp up military exchanges.
It’s unclear how the renewed conflict in Lebanon will affect the U.S.’s ability to make concrete progress toward ending the war and reopening the Strait of Hormuz, and whether it will push gold prices higher or lower in the coming days. Current price of gold The opening price of gold futures on Monday was down 0.4% from Friday’s closing price. Here’s a look at how the opening gold price has changed versus last week, month, and year: – One week ago: +1.2% – One month ago: -1.3% – One year ago: +38% The one-year gain for gold was 95.6% on Jan. 29. 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.