Gold price dips slightly, remains above $4,800

Gold (GC=F) futures opened at $4,836.20 per troy ounce on Thursday, nearly even with Wednesday’s closing price of $4,837.50. The price of gold reached an all-time high of $4,872.30 on Wednesday.

The slight decline in gold’s price follows President Trump’s decision to drop proposed tariffs against several European countries. He had previously threatened the tariffs to force a U.S. acquisition of Greenland. After meeting with NATO Secretary-General Mark Rutte, however, Trump said he had the “framework” of a deal for Greenland and the tariffs wouldn’t be imposed. The president did not provide details on the deal.

The price of gold rose to new highs after President Trump first announced this latest tariff threat on Jan. 17 via a Truth Social post. The escalating geopolitical tensions between the U.S. and eight NATO countries sparked record demand for gold. This is typical behavior for the precious metal. Its tendency to rise in uncertain times makes gold a popular safe-haven asset.

The opening price of gold futures on Thursday was flat with Wednesday’s close. Here’s a look at how the opening gold price has changed versus last week, month, and year:

One week ago: +4.8%
One month ago: +10.6%
One year ago: +75.6%

This is the highest one-year gain for gold in 2025 and 2026.

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.

Learn more: Gold vs. crypto: Which should investors own in debasement trade?

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:

Storage: Your gold must be held in an IRS-approved facility.
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.