Gold futures opened at $4,018.30 per ounce, up 1.1% from Friday’s close. Trade tensions between the U.S. and China contributed to gold rising above $4,000 per ounce. President Trump announced a 100% tariff on Chinese imports, impacting rare earth minerals used in tech products. Trump’s tariff agenda has fueled gold’s rise amid economic uncertainty.

The opening price of gold futures on Monday is up 1.1% from Friday, marking a 2.2% increase from the previous week and a 9.9% increase from a month ago. Gold has surged 52.3% in the past year, hitting $4,099.60 in early trading. Track gold prices 24/7 on Yahoo Finance for real-time updates.

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Spot prices reflect the current market price per ounce for physical gold, while gold futures are contracts for a future gold transaction. Factors like geopolitical events, central bank trends, inflation, interest rates, and mining production influence gold prices. Follow the steady climb of gold’s value on the price-of-gold chart.

Read more at Yahoo Finance: Gold briefly hits a record $4,099 after China trade tensions escalate