From Yahoo Finance: 2025-04-09 09:03:00

Gold opened trading Wednesday at $2,998.30, slightly up from the previous closing price. U.S. President Trump’s tariffs on China have led to a global economic fallout, impacting gold’s recent rally despite its strong performance compared to stock markets.

European Union lawmakers are set to vote on a response to U.S. tariffs. The S&P 500 and global stock markets are declining, down 10.7% since April 2. Gold, on the other hand, has shown resilience and growth in comparison.

Gold’s opening price of $2,998.30 on Wednesday is up 1% from the previous day and 3% since early March. Over the past year, gold has increased by 38% from the opening price in March 2024.

Investing in gold involves choosing a form, whether physical gold, gold mining stocks, or gold ETFs. Each form has its advantages and disadvantages, including factors like accessibility, fees, volatility, and liquidity.

Gold’s historical value has shown extended cycles of growth and decline, impacting investment returns. Analysts are bullish on gold due to economic uncertainties, with Goldman Sachs predicting further gains in 2025 after a 40% surge in 2024.

For more information on gold’s historical price and trends since 2000, Yahoo Finance provides detailed tracking and analysis. Stay informed on the latest developments in the gold industry and make informed decisions about your investments.

Read more: Gold price today, Wednesday, April 9, 2025: Gold prices rise slightly