Gold price today, Monday, December 29: Gold price softens below $4,500 after record open

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Gold (GC=F) futures opened astatine $4,568 per troy ounce Monday, up 0.3% from Friday’s closing terms of $4,552.70. The golden terms fell beneath $4,500 aft hitting an all-time precocious successful aboriginal trading.

Investor profit-taking and reported advancement connected a Ukraine bid woody whitethorn person contributed to gold’s pullback from its grounds precocious Monday morning. Gold has surged successful caller days connected trends that person been astatine enactment passim 2025. A weaker U.S. dollar, falling involvement rates, and wide economical and geopolitical uncertainty person stoked organization and retail capitalist demand. The yellowish metallic roseate supra $4,500 a troy ounce earlier Christmas and moved toward $4,600 Monday morning. The consequent pullback suggests the highest for this latest rally has travel and gone.

President Trump and Ukrainian President Volodymyr Zelenskyy reported advancement connected bid talks Sunday. The improvement whitethorn person besides reduced golden demand, which is typically fueled by geopolitical conflict.

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The opening terms of golden futures connected Monday was 0.3% higher than Friday’s close. Here’s a look astatine however the opening golden terms has changed versus past week, month, and year:

  • One week ago: +4.5%

  • One period ago: +9.7%

  • One twelvemonth ago: +74.5%

Gold’s one-year summation is the highest it’s been successful the 2nd fractional of 2025%.

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The terms of golden tin beryllium quoted successful aggregate forms due to the fact that the precious metallic is traded successful antithetic ways. The 2 main golden prices investors should cognize astir are spot prices and golden futures prices.

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The spot terms of golden is the existent marketplace terms per ounce for carnal golden arsenic a earthy material, sometimes called spot gold. Gold ETFs that are backed by carnal golden assets mostly way the golden spot price.

The spot terms is little than what you’d wage to bargain golden coins, bullion, oregon jewelry, since your full terms volition see a markup called the golden premium that covers refining, marketing, trader overhead, and profits. The spot terms is much similar a wholesale price, and the spot terms positive the golden premium is the retail price.

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Gold futures are contracts that mandate a golden transaction astatine a circumstantial terms connected a aboriginal date. These contracts are exchange-traded and much liquid than carnal gold. They settee connected the declaration expiration day oregon earlier, either financially oregon via delivery. A fiscal currency colony involves paying the contract’s nett oregon nonaccomplishment successful cash. Delivery means the seller sends carnal golden to the purchaser for the contracted price.

Supply and request find golden spot prices and golden futures prices. Factors that power golden proviso and request include:

  1. Geopolitical events

  2. Central slope buying trends

  3. Inflation

  4. Interest rates

  5. Mining production

Learn more: Who decides what golden is worth? How prices are determined.

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.

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