Gold and silver prices today, Monday, May 4: Gold and silver down this morning after 'Project Freedom' announcement

Gold (GC=F) June futures opened astatine $4,644 per troy ounce connected Monday, down 1.4% from past Monday’s opening price. Gold moved adjacent little successful aboriginal trading, moving to $4,569.80 by 6:54 a.m. ET.

Silver (SI=F) July futures opened astatine $76.45 per ounce connected Monday, 1.6% higher than past Monday’s opening price. The terms of metallic fell successful aboriginal trading, edging down to $73.83 by 6:54 a.m. ET.

President Trump announced “Project Freedom” this weekend, an effort to usher ships from countries not astatine each progressive successful the U.S.-Iran struggle safely retired of the Strait of Hormuz. Despite this awesome of progress, markets look to beryllium reacting with a wait-and-see approach. The terms of golden and metallic some moved little this greeting pursuing the news.

Investors person plentifulness to digest this week with a afloat slate of firm net and economical reports, including the April jobs numbers owed connected Friday. Brent crude prices are inactive implicit $112 a tube this morning, up 3.5% successful the past 5 days.

The wellness of the system and vigor prices are conscionable 2 factors that volition power cardinal slope rate-cut decisions successful the months ahead. Higher involvement rates enactment downward unit connected precious metallic prices.

Current terms of golden

The opening terms of golden futures connected Monday was down 1.4% from past Monday’s opening price. Here’s a look astatine however the opening golden terms has changed versus past week, month, and year:

• One week ago: -1.4%

• One period ago: -2.5%

• One twelvemonth ago: +43.3%

The one-year summation for golden was 95.6% connected Jan. 29.

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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Current terms of metallic

The opening terms of metallic futures connected Monday was 1.6% higher than past Monday’s opening price. Here’s however the opening metallic terms has changed versus past week, month, and year: 

• One week ago: +1.6%

• One period ago: +3.7%

• One twelvemonth ago: +136.1%

Learn more: How to put successful silver: A beginner’s guide

Gold prices explained

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.

Learn more: How to put successful golden successful 4 steps

The spot terms

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.

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

Gold futures

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.

Factors that impact golden prices

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.

Price of golden and metallic charts

Whether you’re tracking the terms of golden and metallic since past period oregon past year, the terms of golden and metallic charts beneath amusement the precious metals’ alteration successful value.

More metallic sum from the Yahoo Finance team: 

• Silver terms volatility: What to cognize and however to put successful 2026

• Silver vs. gold: Which metallic made investors much wealth successful the past 50 years?

• ​​Gold alternatives? How to put successful silver, platinum, and palladium.

• Why is metallic outperforming gold? What to cognize earlier you invest.

• 3 predictions astir metallic prices successful the adjacent decade

• How to put successful metallic successful 5 steps