Gold futures opened at $4,228.10 per troy ounce, down 0.4% from Friday’s close. The U.S. central bank is expected to lower interest rates by a quarter-point. Lower rates can stimulate the economy but concern arises as inflation remains above the Fed’s 2% target. Gold prices can become more attractive with lower interest rates.

The opening price of gold futures on Monday was 0.4% lower than Friday’s close. Over the past week, month, and year, gold prices have shown positive growth. On Nov. 14, gold’s one-year gain was 63.4%. Investors can monitor gold prices 24/7 on Yahoo Finance and explore top-performing companies in the gold industry.

Gold futures and spot prices are key indicators for investors. Gold ETFs track the spot price, which is lower than the retail price that includes a gold premium. Understanding how to invest in gold and the factors influencing gold supply and demand can help investors make informed decisions.

Gold futures contracts mandate a gold transaction at a set price in the future. Supply and demand, influenced by geopolitical events, central bank buying trends, inflation, interest rates, and mining production, determine gold prices. The precious metal has shown a steady upward climb in value over time.

Read more at Yahoo Finance: Gold dips slightly as attention turns to Fed meeting this week