From Yahoo Finance: 2025-04-17 09:11:00

Gold futures opened at a record high of $3,357.50 an ounce, up nearly 1% from Wednesday’s close. The surge in gold prices is driven by ongoing tariff uncertainty and trade tensions with China, leading to a 6% drop in the S&P 500 over the past month.

With gold up more than 12% in the past month and over 40% in the past 12 months, it has become the most crowded trade on Wall Street. Investors are turning to gold as a safe haven amidst economic uncertainty and tariff concerns impacting tech stocks.

Gold’s performance, up 26% year-to-date, has outperformed popular tech stocks like Nvidia and Apple. Goldman Sachs expects gold to continue its upward trend, predicting an 8% gain in 2025. The precious metal’s value has surged over 40% in 2024 alone.

Historically, gold has shown cycles of growth and decline. Analysts recommend adjusting your investment allocation based on your risk tolerance and outlook on gold’s future performance. Yahoo Finance offers tools to track gold prices and top-performing companies in the industry.

Read more: Gold price today, Thursday, April 17, 2025: Gold’s strength continues