Gold opens slightly below $3,300 as S&P 500 hits new high.

From Yahoo Finance: 2025-06-30 07:58:00

Gold futures opened at $3,284.30 per ounce, up 0.3% from Friday. Slight reversal follows S&P 500’s new high on Friday at 6,173.07. PCE inflation report shows 2.3% increase in May. Trump’s higher tariffs paused until July 9. Investors optimistic, pushing stock prices up and lowering gold demand.

The opening price of gold futures on Monday up 0.3% from Friday. Decline of 2.4% over past week, 0.9% in past month, and up 41.2% in past year. Monitor gold price on Yahoo Finance 24/7. Explore top-performing companies in gold industry with Yahoo Finance Screener.

Gold is recommended for diversification, protection against inflation, and wealth backup. Historically, gold holds or increases value amidst market declines. Travers suggests owning gold as an insurance policy. Learn how to invest in gold in four steps.

Gold’s historical value shows steady upward climb. Extended up cycles and down cycles. Analysts bullish on gold, predicting $3,700 per ounce by year-end 2025. Rising central bank demand and U.S. tariff uncertainty driving increase. Track gold’s historical price on Yahoo Finance since 2000.

Read more: Gold opens below $3,300 after S&P 500 sets new high