Gold (GC=F) June futures opened at $4,569.30 this morning, but the price of gold rose to $4,711.90 as of 6:17 a.m. ET. This is the first time all week gold has moved out of the $4,500 range. Silver July (SI=F) futures opened at $73.30 per ounce on Wednesday, yet rose to $77.80 as of 6:17 a.m. ET. The price of silver hasn’t been above $77 since April 22.
Last week at this time, our headline explained that gold and silver prices were “tanking ahead of the Fed meeting.” This morning, gold and silver prices are on the rise following the latest signs that peace talks with Iran might finally be moving forward.
President Trump’s “Project Freedom” is already on pause, but that looks like a positive step in the right direction after it sparked an immediate conflict earlier in the week. The president took to Truth Social yesterday and posted that “Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran.”
The rise in gold and silver prices comes as Brent crude oil (BZ=F) is down to just over $100 a barrel this morning, and the U.S. dollar index (DX-Y.NYB) is down 0.6% over the last day.
Current price of gold
The opening price of gold futures on Wednesday was in the $4,500 range we saw all week, but jumped after opening. Here’s how the opening gold price has changed versus last week, month, and year:
One week ago: -0.6%
One month ago: -1.9%
One year ago: +35.8%
On Jan. 29, gold’s one-year gain was 95.6%. This morning’s year-over-year gains for gold haven’t been this low since August 2025.
24/7 gold price tracking: Don’t forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
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Current price of silver
The opening price of silver futures on Wednesday was about even with Tuesday’s opening price, but the value of silver jumped in early trading. Here’s how the opening silver price has changed versus last week, month, and year:
One week ago: +0.4%
One month ago: +2%
One year ago: +124.5%
Learn more: How to invest in silver: A beginner’s guide
Ways to invest in gold
There are different ways to invest in gold, and each has pros and cons. Four common options are:
Physical gold
Gold mining stocks
Gold ETFs
Gold futures
Physical gold
Physical gold includes jewelry, gold bars, and gold coins. Some prefer physical gold over other forms because it’s tangible and easy to purchase. You can easily buy a gold necklace at the mall or gold bars at Costco (COST).
Intrigued by Costco’s precious metals offering? Read more here to learn key considerations for precious metals investing, the details of the Costco…
Source: finance.yahoo.com
