Gold opens above $3,400 after labor data revision

Gold (GC = F) The futures contracts were opened at $ 3,416.60 an ounce, an increase of 2.1 % from the end of Friday, amounting to $ 3,347.70. Gold has not opened over $ 3400 since July 23, 2025.

The stronger opening price of Gold follows the resequently re -recruitment data on Friday. New jobs were revised in May and June by 258,000 to 33,000 combined for two months. The growth of jobs in July has been 73,000. The average monthly employment growth is about 35333 since May is the worst record since the epidemic. Refuting data are in line with reports that companies have submitted growth initiatives due to uncertainty that president Trump’s changing economic policies have established. The demand for gold tends to rise when the economic view is unconfirmed.

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The opening price of gold contracts on Monday increased by 2.1 % from the end of Friday, of $ 3,347.70 an ounce. The opening price on Monday represents a 2.7 % profit for the opening price of $ 3,326.60 a week ago on July 28. Last month, the price of golden futures increased by 1.6 % compared to the opening price of $ 3,362 on August 3, 2024.

24/7 Tracking gold prices: Do not forget that you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.

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Investing in gold is a process of four steps:

1. Set your goal

2. Determination setting

3. Choose a model

4. Consider your investment schedule

The first step to invest in gold is to understand your goals to buy them.

Given the historical behavior of gold, there are three appropriate investment goals for a golden position:

1. Diversification in an independent origin from stock prices

2. Protection from the loss of purchase of inflation

3. The source of the backup of value and wealth in an unlikely economic collapse

Gold has always been part of a balanced wallet due to its ability to keep the value of its value – or even increase – when the value of other assets decreases. This is why investors use gold as a stabilization. Investors depend on the strength of gold in difficult times to reduce the unrealized losses in stocks and reductions related to inflation in the power to buy cash deposits. This is exactly what we see now in front of our eyes.

Gold is also a large -scale recognized store. As such, the precious metal can stand as a way to exchange if the dollar collapses.

“Coinage” Magazine, in an interview with Bottlely, INC. , “I recommend that everyone buy a little gold as a hedge against the disaster.”

Learn more: How to invest in gold in four steps

Whether you are tracking the price of gold since last month or last year, the gold price drawing below shows the fixed ups in the fixed minerals in the value.

Historically, gold showed the courses extending up and down. The precious metal was in the growth phase from 2009 to 2011. Then he went down, and failed to put a new new level for nine years.

In those dull years of gold, your situation will negatively affect the overall investment returns. If this feels problems, the low allocation rate is more convenient. On the other hand, you may be ready to accept the weak years of gold so that you can benefit more in good years. In this case, you can target a higher percentage.

The precious metal was in the news recently, and many analysts are optimistic about gold. In May, Goldman Sachs Research expected to reach $ 3700 an ounce by the end of the year 2025. This is equivalent to a 40 % increase for this year, based on the opening price in Gold 2 January of $ 2,633. The high demand from central banks, in addition to uncertainty about changing the policy of American tariffs, is the factors that drive the increase.

If you are interested in learn more about the historical value of Gold, Yahoo Finance has followed the historical price of gold since 2000.