Gold prices surge 0.8% after Middle East tensions and Trump's tariff threats

From Yahoo Finance: 2025-06-13 07:43:00

Gold futures opened at $3,406.70 per ounce, up 0.8% from the previous day. The price surged after Israel attacked Iran’s nuclear program, causing geopolitical tensions. President Trump’s tariff threats also contributed to uncertainty, pushing gold prices higher. In the past year, gold has risen 47.5%, hitting a new high.

Costco offers gold, silver, and platinum bars for sale, appealing to investors seeking to diversify. Gold, silver, and platinum prices are up over 22% in 2025. Costco first introduced gold bars in 2023 and has since expanded its precious metals offering. The club store’s convenient access to commodities attracts buyers.

Gold has shown a steady upward trend, with historical cycles of growth and decline. Analysts are bullish on gold, predicting a price of $3,700 per ounce by year-end 2025. Rising demand from central banks and global uncertainty are driving factors. Investors may adjust their allocation percentage based on gold’s performance.



Read more at Yahoo Finance: Gold opens higher after tensions erupt in the Middle East