Gold futures saw a significant drop on Monday, opening at $4,490 per troy ounce, which is a 5.4% decrease from Friday’s closing price of $4,745.10. This represents an 11% decline from the previous week. Despite this recent sell-off, gold prices are still up nearly 60% compared to this time last year.
Investors are also keeping an eye on the stock market, as S&P futures are down 0.3%, Dow Jones futures are down 0.04%, and Nasdaq 100 futures are down 0.6%. The upcoming economic data and earnings reports could provide more clarity in the market. The U.S. employment report and a preliminary consumer sentiment reading are scheduled for release on Friday. The S&P 500 has reported double-digit earnings growth for the fifth consecutive quarter.
In 2025, gold and the S&P 500 both saw double-digit gains, breaking the usual inverse relationship between gold and stock prices. The opening price of gold futures on Monday marked a 5.4% decrease from the previous close. Looking back at the past week, month, and year, the changes in the opening gold price are as follows:
– One week ago: -11.6%
– One month ago: +3.2%
– One year ago: +58.7%
The one-year gain for gold was at 95.6% on Jan. 29. Investors can track the current price of gold on Yahoo Finance 24/7.
Gold can be quoted in various forms, with the two main prices being spot prices and gold futures prices. The spot price represents the current market price per ounce for physical gold, while gold futures are contracts that mandate a gold transaction at a specific price on a future date.
Factors such as geopolitical events, central bank buying trends, inflation, interest rates, and mining production influence gold supply and demand, ultimately affecting gold spot prices and gold futures prices.
Whether you’re interested in tracking the price of gold or exploring gold alternatives like silver, platinum, and palladium, understanding the dynamics of the precious metals market is crucial for investors. The chart below illustrates the steady upward climb in the value of gold over time.
