Gold hits new high for the month
Gold () futures opened at $3,355.60 per ounce Monday, 0.1% higher than Friday’s close of $3,353. In early trading, the price of gold reached $3,379.60, a new high for the month.
In stocks, earnings season is underway with largely positive results. Of the S&P 500 companies that have announced earnings for the June quarter, 83% beat expectations. This is above the five-year average of 78%. The average earnings surprise has been 7.9%, lower than the five-year average of 9.1%. The S&P 500 reached a new high on Friday, before closing lower. Gold’s strong open Monday may indicate investors are tentative about the near-term future of stocks, despite the higher earnings in the S&P 500. Ongoing tariff and inflation concerns are key factors.
Stock market today:
The opening price of gold futures on Monday is 0.1% higher than Friday’s close of $3,353 per ounce. Monday’s opening price marks a decline of 0.3% over the past week, compared to the opening price of $3,367 on July 14. In the past month, the gold futures price has gained 0.2% compared to the opening price of $3,350 on June 20, 2025. In the past year, gold is up 38.7% from the opening price of $2,418.80 on July 19, 2024.
24/7 gold price tracking: Don’t forget 24 hours a day, seven days a week.
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Investing in gold is a four-step process:
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Set your goal
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Set an allocation
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Choose a form
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Consider your investment timeline
The first step to investing in gold is understanding your goals for buying it.
Given gold’s historic behavior, three suitable investing goals for a gold position are:
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Diversification into an asset that moves independently from stock prices
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Protection against inflation-related loss of purchase power
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Backup source of value and wealth in an unlikely economic collapse
Gold has long been part of a balanced portfolio given its ability to hold its value – or even increase further – when the value of other assets is falling. That is why investors utilize gold as a stabilizer. Investors rely on gold’s strength in tough times to limit unrealized losses in equities and inflation-related reductions in purchasing power of cash deposits. That’s exactly what we’re seeing play out now before our eyes.
Gold is also a widely recognized store of value. As such, the precious metal can potentially stand in as a medium of exchange if the dollar collapses.
“I recommend that everyone buy a little gold as a hedge against calamity,” said Scott Travers, author of The Coin Collector’s Survival Manual and editor of “COINage” magazine, in an interview with Bottom Line, Inc. Gold “should be viewed as an insurance policy,” he said.
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Whether you’re tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal’s steady upward climb in value.
Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years.
In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold’s underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage.
The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold’s January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase.
If you are interested in learning more about gold’s historical value, since 2000.
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