Gold futures opened at $3,355.60 per ounce, 0.1% higher than Friday. In early trading, gold reached $3,379.60, a new high for the month.

Earnings season is positive, with 83% of S&P 500 companies beating expectations for the June quarter. The S&P 500 reached a new high before closing lower. Gold’s strong open may indicate investor caution due to tariff and inflation concerns.

Gold futures opened 0.1% higher than Friday, showing a 0.3% decline over the past week. In the past month, gold has gained 0.2%, and in the past year, it’s up 38.7%.

Investing in gold involves setting goals, allocating funds, choosing a form, and considering the investment timeline. It’s a way to diversify assets, protect against inflation, and safeguard wealth in an economic collapse.

Gold is a stable asset that can hold or increase value when other assets fall. It’s seen as a hedge against calamity and a form of insurance. Gold is also recognized as a store of value and a potential medium of exchange if the dollar collapses.

Historically, gold has shown extended up and down cycles. Analysts are bullish on gold, with predictions of reaching $3,700 per ounce by year-end 2025. Rising demand from central banks and uncertainty in U.S. tariff policy are driving factors.

Yahoo Finance has been tracking the historical price of gold since 2000.

Read more at Yahoo Finance: Gold hits new high for the month