Gold futures opened at $4,633.70 per troy ounce, up 0.8% from Friday’s close. The price surged over 2% to surpass $4,700 on Tuesday. This spike followed President Trump’s threats of tariffs on countries unless they support a U.S. purchase of Greenland. Safe-haven demand for gold has increased amid trade war and military conflict fears.

Trump warned of a 10% tariff on eight countries starting Feb. 1, rising to 25% by June 1 until a Greenland deal is reached. Gold futures opened 0.8% higher than Friday. One-week gain: +1.2%, one-month gain: +6.5%, one-year gain: +69.4%, one-year gain on Dec. 29: 74.5%.

Investors can track gold prices on Yahoo Finance 24/7. Understanding risks like price and speculation is crucial for gold investments. Gold is a volatile commodity, recovering from low prices. It’s a popular diversification asset but comes with unpredictable market factors. Historical gold prices can be tracked on Yahoo Finance since 2000.

Gold’s high prices pose a risk for investors hoping for short-term gains. Despite this, gold’s recovery and popularity as a diversification asset are positive factors. Proper expectations, long-term planning, and allocation can help manage pricing risks. Gold is a stabilizer, not a high-return driver, in a diversified portfolio. Gold’s value has steadily climbed over time.

Read more at Yahoo Finance: Gold eclipses $4,700 per ounce for the first time