Gold (GC=F) June futures opened at $4,696.80 per troy ounce on Thursday, down 0.2% from Wednesday’s close. The price of gold moved slightly higher this morning, trading at $4,702.90 as of 6:25 a.m. ET.
Silver (SI=F) July futures opened at $88.12 per ounce on Thursday, down 1.4% from Wednesday’s closing price of $89.36. The silver price moved a bit lower in early trading, moving to $87.54 as of 6:25 a.m. ET.
Silver prices continue their strong run this morning, holding close to yesterday’s high of over $89 an ounce. One year ago, the opening price of silver was $32.24. Compared to this morning’s opening price of $88.12, that’s a gain of over 173%.
What’s driving silver’s higher prices? Read more about it here from Yahoo Finance.
Gold prices continue to hold within a narrow range following two inflation reports this week, which likely keep the prospect of lower interest rates off the table for the time being. With President Trump and some of the nation’s largest business leaders in China this week, news from the Middle East has been a little quiet, if not somewhat positive, following reports of shipping activity moving through the Strait of Hormuz.
Current price of gold
The opening price of gold futures on Thursday was 0.2% lower than Wednesday’s close. Here’s a look at how the opening gold price has changed versus last week, month, and year:
One week ago: -0.2%
One month ago: -1.5%
One year ago: +45.3%
Gold’s year-over-year growth was 95.6% on Jan. 29.
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.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Current price of silver
The opening price of silver futures on Thursday was down 1.4% from Wednesday’s close. Here’s how the opening silver price has changed versus last week, month, and year:
One week ago: +13.2%
One month ago: +14.7%
One year ago: +173.3%
Learn more: How to invest in silver: A beginner’s guide
Gold IRA: What it is, how it works
If you are socking gold bars away for a rainy day, there may be an opportunity to earn some tax perks in the process. You could establish a gold IRA to hold those assets and diversify your retirement wealth.
Learn more: How to invest in gold in 4 steps
A gold IRA is a specialty form of self-directed IRA that’s designed for gold and other precious metals.
Gold IRA vs. traditional IRA
The table below compares the main features of standard IRAs and gold IRAs.
IRS restrictions
You must work with a specialty provider that can ensure your account complies with these IRS restrictions:
Storage: Your gold must be held in an IRS-approved…
Source: finance.yahoo.com
