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Tag: Price of gold

  • Gold price today, Monday, September 15: Gold opens above $3,600 ahead of expected rate cut this week

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    Gold (GC=F) futures opened at $3,680.20 per ounce on Monday, up 0.8% from Friday’s close of $3,649.40. Gold has opened above $3,600 daily since September 9.

    Investors are awaiting the Fed’s next interest rate decision on September 17. A 25-basis-point cut is widely expected, though President Trump told reporters Sunday that he expected “a big cut.” The Fed will also release its dot plot this week, a chart outlining how each Fed committee member predicts interest rates will evolve over the next few years. The dot plot is an indicator of future rate changes, given the information available today. The Fed’s interest-rate decisions are designed to support maximum sustainable employment and low inflation.

    The price of gold typically responds well to lower interest rates.

    The opening price of gold futures on Monday is up 0.8% from Friday’s close of $3,649.40 per ounce. Monday’s opening price is up 2.4% from the opening price of $3,594.50 one week ago on September 8. In the past month, the gold futures price has increased 10% compared to the opening price of $3,346.80 on August 15, 2025. In the past year, gold is up 43.3% from the opening price of $2,568.80 on September 13, 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.

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  • How Much Are Costco Gold Bars Worth Today? | Entrepreneur

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    Gold is hitting record prices this week, reaching above $3,500 per ounce for the first time on Tuesday and then hitting another milestone on Wednesday: $3,593.20 per ounce. Goldman Sachs predicted this week in a research note that gold prices could increase above $4,000 per ounce by mid-2026.

    “Gold remains our highest-conviction long recommendation,” Goldman Sachs stated in the note. In April, JPMorgan also predicted that gold prices would rise above $4,000 per ounce by the second quarter of next year.

    And the effects are being felt far beyond Wall Street.

    Related: ‘Affluent People Love a Deal’: These Luxury Items Are Flying Off the Shelves at Costco, According to the Company’s Longtime Chairman

    Wholesale retailer Costco, which sells up to $200 million worth of gold bars per month, began selling the commodity in 2023 when gold was at an average closing price of $1,943, per Macro Trends.

    According to CNBC, in September 2024, a one-ounce Costco gold bar cost $2,679. If a Costco shopper held onto their purchase this year, the same bar would be worth $3,549 this month, a gain of $870.

    Costco gold bar. Photographer: Clark Hodgin/Bloomberg via Getty Images

    Experts told ABC News that rising gold prices signify elevated economic uncertainty. In an environment of slow hiring and inflation above the Federal Reserve’s 2% target, investors are seeking low-risk investments, such as gold.

    “The probability of an economic slowdown has greatly increased, and people naturally look for a safe haven asset,” Duke Business School Professor Campbell Harvey told the outlet.

    Related: Are Costco’s Platinum Bars a Good Investment? Here’s What Experts Say.

    Gold has gained more value than alternative investments, like purchasing company shares on the stock market, according to the outlet. Gold prices have risen by more than 42% this year, greater than a 9% gain in the S&P 500, a 6% rise in the Dow Jones Industrial Average, and a 10% spike in the Nasdaq over the same time period.

    Costco had approximately 137 million members in 2024, up from 128 million in 2023, per Statista estimates.

    Gold is hitting record prices this week, reaching above $3,500 per ounce for the first time on Tuesday and then hitting another milestone on Wednesday: $3,593.20 per ounce. Goldman Sachs predicted this week in a research note that gold prices could increase above $4,000 per ounce by mid-2026.

    “Gold remains our highest-conviction long recommendation,” Goldman Sachs stated in the note. In April, JPMorgan also predicted that gold prices would rise above $4,000 per ounce by the second quarter of next year.

    And the effects are being felt far beyond Wall Street.

    The rest of this article is locked.

    Join Entrepreneur+ today for access.

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    Sherin Shibu

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