Gold futures opened at $4,490 per troy ounce, down 5.4% from Friday, with a 11% drop week-over-week. Stock market futures are down as well. Economic data and earnings reports may offer clarity. Gold often moves inversely with stocks, but not in 2025. Gold prices have seen significant gains over the past year.

The spot price of gold is lower than retail prices due to added markups. Gold futures contracts dictate future transactions. Supply and demand, geopolitical events, central bank trends, inflation, interest rates, and mining production impact gold prices. The precious metal has shown a steady upward climb in value.

Investors can track gold prices on Yahoo Finance 24/7. Learn about top-performing companies in the gold industry with the Yahoo Finance Screener. Different forms of gold prices include spot prices and gold futures prices. Consider factors like geopolitical events, central bank trends, inflation, interest rates, and mining production when evaluating gold prices.

Read more at Yahoo Finance: Gold price today, Monday, February 2: Gold slides over 5%