Gold (GC=F) April futures opened at $4,993.70 per troy ounce on Thursday, down 0.3% from Wednesday’s closing price of $5,009.50. The gold price rose above $5,000 in early trading.
Gold’s move above $5,000 follows concerns that the U.S. and Iran are moving closer to a military conflict. The two countries have been negotiating the future of Iran’s nuclear program. On Tuesday, the U.S. and Iran reported progress but no breakthrough. The U.S. has recently moved military forces to the Middle East, possibly preparing for an attack. On Wednesday, U.S. Press Secretary Karoline Leavitt indicated there was justification for a military strike against Iran. The U.S. previously attacked Iranian nuclear facilities in June of 2025.
The rising prospect of U.S. military action in Iran increases safe-haven demand for gold.
The opening price of gold futures on Thursday was 0.3% lower than Wednesday’s close. Here’s a look at how the opening gold price has changed versus last week, month, and year:
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One week ago: -1.3%
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One month ago: +8.4%
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One year ago: +69.9%
Gold’s one-year gain on Jan. 29 was 95.6%.
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.
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.
The table below compares the main features of standard IRAs and gold IRAs.
You must work with a specialty provider that can ensure your account complies with these IRS restrictions:
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Storage: Your gold must be held in an IRS-approved facility.
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Asset types: A gold IRA can hold physical gold, silver, platinum, or palladium — but not all forms of these metals are eligible. For example, gold bullion, silver coins, and bars must meet purity requirements. Additionally, gold bars must come from approved refiners.
Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA
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.
Learn more: Gold alternatives? How to invest in silver, platinum, and palladium.
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