Gold (GC=F) futures opened at $3,344.50 per ounce Monday, up 0.4% from last Thursday's close of $3,331.60. The gold price in July has remained above $3,300 after dipping below that threshold on June 30.

Investors are watching U.S. tariff policy developments as the 90-day pause on higher reciprocal tariffs expires this week. President Trump said he would inform countries shortly of the tariffs imposed on their U.S. exports. Rates will range from 10% to 70%. The president also referenced an effective date of August 1. The price of gold futures has risen 7% since the president initially announced reciprocal tariff rates on April 2.

Current price of gold

​​The opening price of gold futures on Monday is up 0.4% from last Thursday's close of $3,331.60 per ounce. Monday's opening price marks an increase of 2.4% over the past week, compared to the opening price of $3,265.90 on June 30. In the past month, the gold futures price has fallen 0.6% compared to the opening price of $3,364.30 on June 6, 2025. In the past year, gold was up 42% from the opening price of $2,354.90 on July 5, 2024.

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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How to invest in gold

Investing in gold is a four-step process:

1. 1.Set your goal

2. 2.Set an allocation

3. 3.Choose a form

4. 4.Consider your investment timeline

   
   

The first step to investing in gold is understanding your goals for buying it.

Given gold's historic behavior, three suitable investing goals for a gold position are:

1. 1.Diversification into an asset that moves independently from stock prices

2. 2.Protection against inflation-related loss of purchase power

3. 3.Backup source of value and wealth in an unlikely economic collapse

   
   

   Gold has long been part of a balanced portfolio given its ability to hold its value – or even increase further – when the value of other assets is falling. That is why investors utilize gold as a stabilizer. Investors rely on gold's strength in tough times to limit unrealized losses in equities and inflation-related reductions in purchasing power of cash deposits. That’s exactly what we’re seeing play out now before our eyes.

   Gold is also a widely recognized store of value. As such, the precious metal can potentially stand in as a medium of exchange if the dollar collapses.

   “I recommend that everyone buy a little gold as a hedge against calamity,” said Scott Travers, author of The Coin Collector's Survival Manual and editor of "COINage" magazine, in an interview with Bottom Line, Inc. Gold “should be viewed as an insurance policy,” he said.