Gold (GC=F) futures opened at $3,383.30 per ounce on Friday, up 1.4% from Thursday’s close of $3,336.90. The price of gold has remained below $3,400 since August 8.
Federal Reserve Chair Jerome Powell will speak Friday at the Jackson Hole Economic Policy Symposium. Powell is expected to signal the Fed’s outlook on the federal funds rate, which has remained above 4% since December 2022. The last rate reduction was in December 2024. Powell has argued for holding interest rates steady until there is more data on how the new U.S. tariff agenda affects the economy. CME FedWatch currently predicts a 69.3% chance of a rate reduction in September, down from 85.4% last week.
Lower interest rates reduce cash yields and make gold look more attractive by comparison, since gold pays no interest. However, an interest rate reduction can also shift more attention to stocks, which benefit from lower borrowing costs.
The opening price of gold futures on Friday is up 1.4% from Thursday’s close of $3,336.90 per ounce. Friday’s opening price is up 1.1% from the opening price of $3,346.80 one week ago on August 15. In the past month, the gold futures price has declined 0.8% compared to the opening price of $3,411 on July 22, 2025. In the past year, gold is up 35.1% from the opening price of $2,504.10 on August 22, 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 shop 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.
The club store first offered gold bars in 2023, then added silver (SI=F) and platinum over the next year or so. Meanwhile, gold is hanging around its all-time high. Gold, silver, and platinum are all up more than 22% so far in 2025.
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.
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.