Gold price today, Tuesday, July 1, 2025: Gold moves up as tariff deadline approaches
Investors are awaiting news on trade deals and Senate negotiations on President Donald Trump's One Big Beautiful Bill Act. Trump's aggressive reciprocal tariffs are set to return on July 9, unless the U.S. can negotiate other terms. Only the U.K. has signed a trade agreement so far. The future of Trump's massive policy bill remains uncertain as Senate talks and adjustments continue. Gold prices may rise if the reciprocal tariffs are restored next week or the big, beautiful bill stalls out in the Senate.
Learn more: Trump pursues mini trade deals as tariff deadline nears
The opening price of gold futures on Tuesday is up 0.7% from Monday's close of $3,294.40 per ounce. Monday's opening price marks a decline of 1.3% over the past week, compared to the opening price of $3,358 on June 24. In the past month, the gold futures price has remained nearly flat compared to the opening price of $3,315.10 on May 30. In the past year, gold is up 42.7% from the opening price of $2,323.80 on July 1, 2024.
Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Investing in gold is a four-step process:
Set your goal.
Set an allocation.
Choose a form.
Consider your investment timeline.
Today, we're delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy.
Learn more: How to invest in gold in four steps
Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time.
Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities.
Scott Travers, author of 'The Coin Collector's Survival Manual' and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold's historic behavior in light of your risk appetite should help you identify the right allocation percentage.
Yahoo Finance video: Safe-haven assets: Breaking down what you need to know
Remember, too, that your target allocation includes the value of the gold you already own. Travers recommends checking your jewelry box before buying more gold. Given gold's sharp rise in value over the past 12 months and more, your gold jewelry may be worth more than you think.
Travers warns against selling your jewelry to buy gold coins because you will pay dealer fees on both transactions.
Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value.
Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years.
In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage.
The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase.
If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UPI
7 minutes ago
- UPI
Trump announces trade deal with Vietnam; says deal with Japan unlikely
President Donald Trump on Wednesday announced a trade deal with Vietnam, under which Vietnamese imports to the United States will be subject to a 20% tariff while the United States will have tariff-free access to Vietnamse markets. Photo by Yuri Gripas/UPI | License Photo July 2 (UPI) -- President Donald Trump on Wednesday announced a trade deal with Vietnam a day after he said a similar deal with Japan is unlikely. Trump announced on his Truth Social social media platform that the deal will see Vietnam pay a 20% tariff on "any and all goods" imported to the United States, while the United States will be granted tariff-free trade with Vietnamese markets. "In other words, they will 'OPEN THEIR MARKET TO THE UNITED STATES,' meaning that we will be able to sell our product into Vietnam at ZERO tariff," Trump wrote. "It is my opinion that the SUV or, as it is sometimes referred to, Large Engine Vehicle, which does so well in the United States will be a wonderful addition to the various product lines within Vietnam." Under the deal, Vietnam will also pay a 40% tariff on goods that are transshipped, meaning they originated in another country and were then sent to Japan before being ultimately shipped to the United States. Trump credited the deal as the result of a meeting with To Lam, general secretary of the Vietnamese Communist Party. "Dealing with General Secretary To lam, which I did personally, was an absolute pleasure. Thank you for your attention to this matter!" Trump wrote. The deal comes after Trump said Tuesday that trade negotiations with Japan aren't going well and called the country "spoiled." "We've dealt with Japan. I'm not sure if we're gonna make a deal, I doubt it, with Japan," he told reporters on Air Force One on Tuesday. "They and others are so spoiled from having ripped us off for 30, 40 years that it's really hard for them to make a deal." The 90-day pause on tariffs ends July 9. Trade partners are scrambling to get trade deals with the U.S. Japan's tariff rate was 24% beginning April 2, when Trump launched his tariff assault. On social media Monday, Trump said Japan refuses to buy American rice, despite a shortage in the country. "They won't take our RICE, and yet they have a massive rice shortage. In other words, we'll just be sending them a letter, and we love having them as a Trading Partner for many years to come," he said in a post on Truth Social. Japan bought $298 million of rice from the United States last year, according to the U.S. Census Bureau. This year, Japan has spent $114 million on American rice. He said it again on Tuesday, adding a claim about auto imports. "They need rice so badly, but they won't take rice," he said. "We didn't give them one car in 10 years." But Japan imported 16,707 units of American vehicles last year, according to the Japan Automobile Importers Association.. Both sides vowed to continue talks. "We dealt with Japan. I'm not sure if we're going to make a deal. I doubt it with Japan - they're very tough. You have to understand, they're spoiled. I love Japan. I really like the new prime minister, too. Abe was one of my closest friends, as you know," he said on Tuesday. Former Japanese prime minister Shinzo Abe died in 2022. Japan's Deputy Chief Cabinet Secretary Kazuhiko Aoki said, "Japan will continue to engage vigorously in sincere and honest discussions toward the realization of an agreement that will benefit both Japan and the United States." Prime Minister Shigeru Ishiba and Ryosei Akazawa, his close aide and Japan's top tariff negotiator, stressed that the government will not rush a deal at the expense of the country's interests. They emphasized protecting the agricultural sector. Trump said if talks break down: "What I'm going to do is, I'll write them a letter to say, 'We thank you very much, and we know you can't do the kind of things that we need, and therefore you pay a 30%, 35% or whatever the number is that we determine,'" Trump said.
Yahoo
11 minutes ago
- Yahoo
Trump wins again as ‘big beautiful bill' passes the Senate. What are the lessons for the Democrats?
Donald Trump is continuing his run of political wins after his keynote legislation, nicknamed the 'big beautiful bill', squeaked through the Senate. While the bill, which includes major cuts in tax and government spending, must now go back to the House of Representatives for another vote, passing the upper house is highly significant. Trump lost the support of just three Republican senators, and with the help of a tie-breaking vote from Vice-President J.D. Vance managed to push the bill forward. Democrats, the minority in both the House and Senate, have been unable to do anything but sit by and watch as Trump claims victory after victory. These include progress in his attempt to end birthright citizenship, the claimed destruction of significant Iranian nuclear sites (yet to be independently verified) and the convincing of Nato member states to increase defence spending to 5% of their GDP. Trump may even be getting closer to a peace deal between Israel and Hamas. And now the Democrats have failed in their desperate attempts to stop this bill. In the Senate, it was felt that there could be enough Republican senators concerned about cuts to Medicaid (the US system that provides essential healthcare to those on low incomes), the closure or reduction of services at rural hospitals, and the increase in national debt to potentially hinder the bill's progress. However, Democrats were unable to do anything apart from delaying the voting process, and the bill is progressing with some changes but not enough to be severely weakened. It had seemed likely that the Democrats could work with the Maga-focused Freedom Caucus group of representatives, whose members include Marjorie Taylor Greene, in the early stages in the House to stop its initial passage. But Speaker Mike Johnson managed to calm most of their fears about the rise in the deficit to get the bill through the House. The lack of effective opposition from the Democrats reflects their congressional standing. The Republicans control the Senate 53-47, and they also have a majority of 220-212 in the House, with three vacancies. While Democrat numbers in Congress is the primary issue in opposing this bill, their future congressional power will rely on strong leadership within the party and, more importantly, a clear set of policies with appeal that can attract more support at the ballot boxes. Failure to address this will probably allow Republicans to dominate Congress and shape American domestic and foreign policy any way they wish for longer. While Democrat Hakeem Jeffries has been a diligent minority leader in the House, he has attempted to operate as an obstacle to Republican policies with little success, rather than reaching across the political divide to create a consensus with dissenting Republicans. Outside of Congress, California governor Gavin Newsom, widely touted as a potential candidate for the next presidential election, has offered some resistance to the Trump administration, particularly over Trump's assumption of national command over the state-controlled National Guard to deal with protests in California against the Immigration and Customs Enforcement agency. However, Newsom's reputation is still relatively regional, although it is on the rise. There will be jostling over the next couple of years for the Democratic presidential nomination, and this will have an impact on the platform that the party runs on. Party members and those voting for the next presidential nominee will need to decide whether to continue with the mainly centrist position that the party has adopted since the 1990s or adopt something more left-wing. A more radical candidate, such as New York representative Alexandria Ocasio-Cortez, might offer a substantially different proposal that could seem attractive to Democratic voters and those Trump supporters who may feel dissatisfied with the current Republican administration. However, democratic socialist Zohran Mamdani, recently selected as the Democratic nominee for the New York mayoral election, has already been vilified by some in the Republican party. Concerns about such a supposedly 'radical' candidate may concern many voters in red states in middle America. However, getting elected is one thing but implementing progressive, left-leaning policies is another thing entirely. They also need to deliver solutions to major issues, such as crime, at all levels, to show their abilities to solve problems. It is not just the policies that matter for the Democrats, but who they want to represent. Last year's election suggested that the Democrats had been ousted as the representatives of the working class. Some significant labour unions, a foundation of Democratic support for the majority of the 20th century, failed to endorse Kamala Harris. Mamdani's success in New York stemmed from the mobilisation of a grassroots campaign that used social media effectively. It targeted young working-class voters disenchanted with the Democratic party. He also resonated with voters in areas that had seen an increase in Republican voters in the 2024 election. All this may offer some lessons to the Democrats. They need to reassess their policies, their image and their tactics, and show Americans that they can solve the problems that the public sees as most important, including the high cost of living. While they can expect to gain seats in the House in next year's midterms, they need to look for a leader and policies that will capture the public's hearts. This article is republished from The Conversation under a Creative Commons license. Read the original article. Dafydd Townley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
The Hill
11 minutes ago
- The Hill
NewsNation now basic cable's fastest-growing channel
Just months after marking its 4-year anniversary, viewers have made NewsNation the fastest-growing channel among basic cable networks, according to Nielsen, which tracks ratings across the television industry. According to Nielsen, NewsNation grew nearly 50 percent among total day viewers and 67 percent among adults aged 25-54, ranking #1 among all 112 ad-supported cable networks in year-over-year growth. The milestone comes just one year after expanding its news programming to 24/7. 'NewsNation set out to offer an alternative to the polarized cable news landscape, and we are extremely gratified that viewers are validating our approach,' said Sean Compton, President of Nexstar's Networks Division. 'As we continue to grow, we remain committed to earning viewers' trust each and every day.' Nielsen data shows NewsNation saw a 24 percent gain in primetime total viewers compared to June of last year. The network's daytime programming also saw significant viewership gains, with each program from 6 a.m. to 7 p.m. ET experiencing triple-digit growth among viewers aged 25-54. Propelled by viewers seeking fact-based coverage of the stories of our day, including the Israel-Iran war, U.S. intervention in the Middle East, anti-ICE protests on the streets of Los Angeles, and the debate over President Donald Trump's budget bill, every program also was up double-digit percentages in total viewers. The NewsNation app (available for download on Apple and Android devices) is also rapidly growing, with a 230% increase in visits in the past year. Here's just how much each NewsNation weekday show increased in just the past year, according to Nielsen: In Prime Time, CUOMO continues to rank as NewsNation's top-rated show. Since last year, the program has increased its viewership by 30 percent. At 7 p.m. ET, Elizabeth Vargas Reports saw 18 percent growth overall and a 22 percent increase in the 25-54 younger demographic, while On Balance with Leland Vittert (weeknights, 9 p.m. ET) was up 11 percent in total viewers.
