Gold futures open above $3,400 after U.S. strikes on Iranian nuclear sites

From Yahoo Finance: 2025-06-23 07:40:00

Gold futures opened at $3,400.70 per ounce on Monday, up 1% from Friday’s close. This rise follows a U.S. strike on Iran’s nuclear sites. Uncertainty in the Middle East could raise oil prices and inflation concerns in the U.S., potentially affecting interest rates and gold demand.

The opening price of gold futures on Monday is up 1% from Friday’s close. Over the past week, gold decreased by 1.2%, but it has risen by 2.2% in the past month and 45.9% in the past year. Monitor gold prices on Yahoo Finance 24/7 for updates.

Investing in gold involves setting goals, allocating funds, choosing a form, and considering your investment timeline. Gold is valued for its ability to diversify portfolios, protect against inflation, and act as a source of value during economic downturns. Many analysts are bullish on gold, with Goldman Sachs Research predicting a $3,700 per ounce price by year-end 2025.



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