Gold futures opened at $5,013.40 per troy ounce, up 0.7% from Friday, marking the first time gold has opened above $5,000.

President Trump’s threat of a 100% tariff on Canadian imports in response to a China deal prompted gold’s rise. Trump’s actions have impacted foreign relations, boosting safe-haven gold demand and affecting the value of the U.S. dollar.

Gold’s one-year gain of 81.7% is the highest in 2025 and 2026, contributing to its rising value.

Gold prices are influenced by geopolitical events, central bank buying trends, inflation, interest rates, and mining production. Supply and demand dynamics drive both spot and futures prices.

Investors can track gold prices 24/7 on Yahoo Finance and explore top-performing companies in the gold industry using the Yahoo Finance Screener.

Read more at Yahoo Finance: Gold opens above $5,000 for the first time