Gold futures opened at $4,568 per troy ounce, up 0.3% from Friday’s close. Factors like profit-taking and progress on a Ukraine peace deal contributed to the pullback from a record high. President Trump and Ukrainian President Zelenskyy reported progress on peace talks, reducing gold demand fueled by geopolitical conflict.
The one-year gain in gold prices is 74.5%, the highest in the second half of 2025. Gold’s opening price was 0.3% higher than Friday’s close. The price chart shows a steady upward climb in value, with gold hitting an all-time high before Christmas and moving toward $4,600.
Gold futures are contracts for a future gold transaction at a set price. Factors like geopolitical events, central bank buying trends, inflation, interest rates, and mining production influence gold spot and futures prices. The spot price is the current market price for physical gold, while gold futures are more liquid and settle either financially or via delivery.

Read more at Yahoo Finance: Gold price softens below $4,500 after record open