Gold futures opened at $4,330 per troy ounce, almost the same as Friday’s closing price. Traders anticipate the Fed’s next rate action after last week’s rate reduction. Speeches from two Fed governors today could offer more insight on interest rate changes and inflation outlook.

Interest rates impact gold prices by altering income from yield-bearing assets like cash, making gold more appealing when cash yields are lower. You can monitor the current gold price on Yahoo Finance 24/7.

Gold can be quoted in spot prices and gold futures prices. The spot price is the current market price per ounce for physical gold, while gold futures are contracts for future gold transactions at specific prices.

Supply and demand, influenced by geopolitical events, central bank buying trends, inflation, interest rates, and mining production, determine gold spot prices and futures prices. The price of gold has shown a steady upward climb in value over time.

Read more at Yahoo Finance: Gold opens above $4,300 as rate outlook remains unclear