Gold opened trading Thursday at $3,099.10, above Wednesday’s closing price of $3,056.50. The improvement comes in response to U.S. President Trump’s 90-day pause on tariffs for many countries except China.
Investors rejoiced after Trump announced the tariff pause Wednesday, ending a string of daily losses in the S&P 500. The large-cap index finished Wednesday up nearly 10% at $5,456.90. Before the tariff pause, European Union leaders had approved retaliatory tariffs on U.S. imported goods. Those retaliatory measures were then paused for 90 days to match Trump’s move. Gold investors also welcomed the temporary standoff, pushing the price of gold to a Wednesday closing price above $3,000 for the first time since Friday, April 4.
Gold’s opening price on Thursday of $3,099.10 is up 1.4% from Wednesday’s closing price of $3,056.50. Since the opening price on March 10 of $2,910.10, gold has increased 6.5%. The current price of gold is also up 42.9% over the past year, relative to the opening price of $2,167.30 on March 8, 2024.
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After deciding why you want to invest in gold and selecting the size and form of your gold investment, consider your investment timeline as a final suitability check.
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Gold can be volatile. It has demonstrated extended periods of decline in the past. Extended periods of decline are not acceptable if your timeline is short. The risk is too great that gold’s price will be down when you need to liquidate.
An extended holding period provides greater potential for reaching your investment goals. As an example, hedging against stock market declines or inflation is a long-term effort. These outcomes will continue to be risks as long as you own stocks or cash deposits. Holding gold as insurance against an economic calamity requires you to keep the asset until you need it.
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A small gold position can act as a stabilizer for your stock portfolio and your purchasing power. If you choose physical gold stored at home, it can also stand in as currency in the worst of economic crises. Just know that gold has underperformed stocks in the past, so choose your target allocation accordingly.
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Whether you’re tracking the price of gold since last month or last year, the price of gold charts below shows the precious metal’s steady upward climb in value.
Historically, gold has shown extended upcycles and downcycles. 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 February, Goldman Sachs expected gold to gain another 8% in 2025, after surging more that 40% in 2024. It’s already blown past that 8% mark. Worries about tariffs and their impact on the U.S. economy are a primary factor.
If you are interested in learning more about gold’s historical value, since the year 2000.
