Gold (GC=F) futures opened at $3,942.80 per ounce on Thursday, down 1% from Wednesday’s close of $3,983.70. This is the third consecutive day gold has opened below $4,000, after remaining above that threshold for about two weeks.

Gold opened lower after the Federal Reserve reduced interest rates by a quarter point Wednesday. In the post-meeting news conference, Fed Chair Jerome Powell said the committee was divided on how to proceed in December — casting doubt on the prospects of a third consecutive rate reduction.

On the tariff front, the U.S. and China agreed to pause retaliatory trade measures for one year. President Trump agreed to reduce China’s tariffs, and Beijing will pause rare-earth export restrictions. Trump also said China will start buying U.S. soybeans again and purchase more U.S. energy.

Falling interest rates and escalating trade tensions with China have bolstered gold demand. The price of the precious metal could moderate further as investors adjust to the new interest-rate outlook and the China truce.

Learn more: The flip side of gold’s massive year

The opening price of gold futures on Thursday is down 1% from Wednesday’s close of $3,983.70. Here’s a look at how the opening gold price has changed versus last week, month, and year:

One week ago: -3.3%

One month ago: +3%

One year ago: +42.1%

Just last week, the price of gold futures was up 50% from one year ago.

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.

Learn more: Gold vs. crypto: Which should investors own in debasement trade?

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.

Learn more: How to invest in gold in 4 steps

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:

Storage. Your gold must be held in an IRS-approved facility.

Asset types. A gold IRA can hold physical gold, silver, platinum, or palladium — but not all forms of these metals are eligible. For example, gold bullion and silver coins and bars must meet purity requirements. Additionally, gold bars must come from approved refiners.

Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA

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.