Gold () futures opened at $3,781.50 per ounce on Friday, up 1.2% from Thursday’s close of $3,736.90. The precious metal has gained nearly 8.5% in September.
Gold edged toward $3,800 after President Trump announced new, industry-specific tariffs ranging from 25% to 100% on pharmaceuticals, heavy trucks, and furniture. Branded pharma drugs are facing a 100% levy, with exceptions for producers that build manufacturing plants in the U.S. Heavy trucks and furniture will be taxed at 25% to 50%. Trump said the new tariffs will be effective October 1. There are also reports of a proposed tariff on chipmakers that don’t produce as many semiconductors in the U.S. as their customers import.
Given the still-unknown economic repercussions of Trump’s aggressive tariff agenda, gold’s safe-haven status may drive further demand for the precious metal.
The opening price of gold futures on Friday is up 1.2% from Thursday’s close of $3,736.90 per ounce. Friday’s opening price is up 3.3% from the opening price of $3,659 one week ago on September 19. In the past month, the gold futures price increased 11.9% compared to the opening price of $3,378.90 on August 26, 2025. Over the past year, gold is up 42% from the opening price of $2,662.30 on September 26, 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 (), 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 () and platinum over the next year or so. Meanwhile, gold is hanging around its all-time high. Gold, silver, and platinum are all up substantially so far in 2025.
Intrigued by Costco’s precious metals offering? 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.
