Gold futures hit a new high at $3,517.90 per ounce, up 1.3% from Friday. July inflation data was consistent with June, supporting investor confidence in future rate cuts. Economic uncertainty from a court ruling against Trump’s tariffs benefits gold, which lacks income but stores value.

Gold futures opened 1.3% higher on Tuesday from Friday’s close at $3,473.70. The past month saw a 7.1% increase, while the past year saw a 39.6% rise. Track gold prices 24/7 on Yahoo Finance and explore top-performing companies in the industry.

Investing in gold involves setting goals, determining allocations, choosing forms, and considering timelines. Allocating across different assets helps control long-term risk. Experts recommend holding 5-20% of net worth in gold based on risk tolerance and historical performance. Rebalance to maintain target allocation and avoid concentration.

Historically, gold has shown cycles of growth and decline. Analysts predict a bullish trend for gold, with Goldman Sachs Research forecasting a $3,700 per ounce price by year-end 2025. Rising demand from central banks and uncertainty in U.S. tariff policy are driving factors. Explore gold’s historical value on Yahoo Finance for more insights.

Read more at Yahoo Finance: Gold opens at record high above $3,500