Gold price today, Tuesday, January 20: Gold eclipses $4,700 per ounce for the first time

Gold (GC=F) futures opened astatine $4,633.70 per troy ounce connected Tuesday, 0.8% higher than Friday’s closing terms of $4,595.40. In aboriginal trading, the terms of golden roseate much than 2% to eclipse $4,700 per ounce for the archetypal time.

This latest golden surge follows President Trump’s play threats of caller tariffs connected 8 countries unless they enactment a U.S. acquisition of Greenland. In a Truth Social post, Trump characterized an acquisition of Greenland arsenic imperative to U.S. nationalist security. Greenland is an autonomous territory of the Kingdom of Denmark. Leaders of Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland person aligned themselves successful enactment of Greenland’s sovereignty, immoderate sending subject unit to the island.

President Trump said these countries volition look a 10% tariff opening connected Feb. 1, which volition escalate to 25% connected June 1. The levies volition stay successful effect until the U.S. reaches a woody to acquisition Greenland.

Renewed threats of a commercialized warfare and the anticipation of subject struggle successful Greenland person accrued the safe-haven request for gold.

The opening terms of golden futures connected Tuesday roseate 0.8% from Friday’s close. Here’s a look astatine however the opening golden terms has changed versus past week, month, and year:

• One week ago: +1.2%

• One period ago: +6.5%

• One twelvemonth ago: +69.4%

Gold’s one-year summation connected Dec. 29 was 74.5%.

24/7 golden terms tracking: Don't hide you tin show the existent terms of golden connected Yahoo Finance 24 hours a day, 7 days a week.

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Learn more: Gold vs. crypto: Which should investors ain successful debasement trade?

Gold has the aforesaid high-level hazard arsenic immoderate investment: You could suffer money. And, arsenic with different investments, a nonaccomplishment connected golden tin materialize successful antithetic ways. Understanding the imaginable outcomes is the archetypal measurement to managing your hazard erstwhile investing successful gold.

According to golden experts, would-be golden investors should recognize these 4 risks:

1. Price

2. Speculation

3. Opportunity cost

4. Fraud

Today, we’ll absorption connected the archetypal two: terms and speculation.

Learn more: How to put successful golden successful 4 steps

There is simply a terms hazard for investors who bargain golden erstwhile the metallic is nearing grounds precocious prices. “Buying precocious to anticipation for short-term higher is simply a pugnacious strategy,” said Darrell Fletcher, managing director, commodities astatine Bannockburn Capital Markets.

Despite the precocious prices, determination are affirmative dynamics successful play for the precious metal. Fletcher pointed retired that golden is recovering from decades of debased prices, and it’s an progressively fashionable diversification plus for cardinal banks and idiosyncratic investors.

The close expectations, a agelong timeline, and an due allocation tin bounds your pricing risk. “Gold should not beryllium seen arsenic a operator of supercharged returns — it’s determination to enactment chiefly arsenic a stabilizer successful a diversified portfolio,” explained Alex Tsepaev, main strategy serviceman of B2PRIME Group.

If you are funny successful learning much astir gold’s humanities value, Yahoo Finance has been tracking the humanities terms of golden since 2000.

Thomas Winmill, portfolio manager astatine Midas Funds, encourages investors to presumption positions successful golden bullion, coins, and ETFs arsenic speculative. Gold is simply a commodity, and “commodity prices are babelike connected macroeconomic, political, industrial, and fiscal factors that are unpredictable, and successful immoderate cases, unknowable.”

Despite its caller performance, golden is an unpredictable asset. Keeping that successful caput erstwhile making trading decisions could support you from over-exposure and unrealistic expectations.

Learn more: Thinking of buying gold? Here's what investors should ticker for.

Whether you’re tracking the terms of golden since past period oregon past year, the price-of-gold illustration beneath shows the precious metal’s dependable upward ascent successful value.