Gold (GC=F) April futures opened at $4,508.90 per troy ounce on Thursday, 1% lower than Wednesday’s closing price of $4,552.30. The gold price fell in early trading.
Concerns about the economic repercussions from the Iran war continue to weigh on gold investors. The yellow metal trended up briefly after President Trump said the U.S. was negotiating a peace deal with Iran. Iran subsequently denied any negotiations, rejected a U.S. ceasefire plan, and made its own peace demands. With the two sides seemingly far from an agreement, the path and timing to end the war remain unclear. Meanwhile, analysts are describing the war’s effect on the global oil trade as one of history’s worst oil supply shocks.
An extended period of high oil prices could trigger global inflation and a recession, complicating the Fed’s willingness to lower interest rates. While gold tends to hold its value in inflationary cycles, it typically loses value when interest rates rise.
The opening price of gold futures on Thursday was 1% 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: -6.7%
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One month ago: -12.9%
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One year ago: +48.7%
Gold’s one-year gains this week haven’t been this low since early November 2025. 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.
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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.
Tim Manni edited this article.