Opening above $3,720 to set an all-time high

Gold (GC=F) futures opened at $3,721.30 per ounce on Monday, up 1.4% from Friday’s close of $3,671.50. Gold reached as high as $3,763.10 in early morning trading.

Gold futures continue to find more room to rise as investors expect additional rate cuts from the Federal Reserve this year. Last week, the Federal Reserve voted to reduce the federal funds rate by 25 basis points to a new target range of 4% – 4.25%. Fed leaders from across the U.S. have speeches lined up for today and tomorrow, likely providing more insights into the Fed’s latest decision and future rate considerations.

Learn more: Dow, S&P 500, Nasdaq futures pull back from records as gold powers to fresh all-time high

Silver also reached new highs this morning, as futures opened above $43 an ounce. Currently, silver is up over 50% this year.

The opening price of gold futures on Monday is up 1.4% from Friday’s close of $3,671.50 per ounce. Monday’s opening price is up 2.2% from the opening price of $3,640 one week ago on September 15. In the past month, the gold futures price has increased 11.1% compared to the opening price of $3,349.40 on August 22, 2025. In the past year, gold is up 43.7% from the opening price of $2,590.40 on September 20, 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.

Investing in gold is a four-step process:

1. Set your goal

2. Set an allocation

3. Choose a form

4. Consider your investment timeline

The first step to investing in gold is understanding your goals for buying it.

Given gold’s historic behavior, three suitable investing goals for a gold position are:

1. Diversification into an asset that moves independently from stock prices

2. Protection against inflation-related loss of purchase power

3. Backup source of value and wealth in an unlikely economic collapse

Gold has long been part of a balanced portfolio given its ability to hold its value – or even increase further – when the value of other assets is falling. That is why investors utilize gold as a stabilizer. Investors rely on gold’s strength in tough times to limit unrealized losses in equities and inflation-related reductions in purchasing power of cash deposits. That’s exactly what we’re seeing play out now before our eyes.

Gold is also a widely recognized store of value. As such, the precious metal can potentially stand in as a medium of exchange if the dollar collapses.

“I recommend that everyone buy a little gold as a hedge against calamity,” said Scott Travers, author of The Coin Collector’s Survival Manual and editor of “COINage” magazine, in an interview with Bottom Line, Inc. Gold “should be viewed as an insurance policy,” he said.

Learn more: How to invest in gold in four steps

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.

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 May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold’s January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase.

If you are interested in learning more about gold’s historical value, Yahoo Finance has been tracking the historical price of gold since 2000.