Latest news with #goldfutures
Yahoo
07-07-2025
- Business
- Yahoo
Gold price today, Monday, July 7: Gold remains strong as tariff deadline approaches
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. Trump tariffs live updates: Trump threatens extra 10% tariffs over 'anti-American' BRICS policies 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. 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 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: Diversification into an asset that moves independently from stock prices Protection against inflation-related loss of purchase power 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. Learn more: How to invest in gold in four steps 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.
Yahoo
04-07-2025
- Business
- Yahoo
Blue Gold partners with TripleBolt to explore blockchain-backed gold token
Blue Gold has entered into a strategic partnership with TripleBolt Technology to explore the possible development of a blockchain-based digital asset backed by gold futures. This initiative would mark Blue Gold's evolution into the digital asset space. The objective is to provide investors access to Blue Gold Coin, this is intended to be a digital token, which would be backed by six-year forward delivery contracts for up to 1 million grams of gold from the Company's mining assets. The instruments would offer investors a digitally native, asset-backed instrument that blends the value of gold with the efficiency and transparency of blockchain technology. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on BGL: Disclaimer & DisclosureReport an Issue Blue Gold Ltd trading resumes Blue Gold Ltd trading halted, volatility trading pause Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
03-07-2025
- Business
- Associated Press
Blue Gold Limited Partners with TripleBolt to Explore Possible Blockchain-Backed Gold Token
NEW YORK, NY, July 03, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) ('Blue Gold' or the 'Company'), a next-generation gold development company currently planning to advance sustainable mining projects, today announced that it has entered into a strategic partnership with TripleBolt Technology LLC ('TripleBolt') to explore the possible development of a blockchain-based digital asset backed by gold futures. This initiative would mark Blue Gold's evolution into the digital asset space. The objective is to provide investors access to Blue Gold Coin (BGC) — this is intended to be a digital token, which would be backed by six-year forward delivery contracts for up to 1 million grams of gold from the Company's mining assets. The instruments would offer investors a digitally native, asset-backed instrument that blends the value of gold with the efficiency and transparency of blockchain technology. TripleBolt is led by Nathan Dionne, a serial entrepreneur and technology executive with deep expertise in fintech, blockchain, and digital innovation. Mr. Dionne was the co-founder of NorthOut, which was acquired by Eze Castle Integration. Most recently, he founded GreenRun, a crypto-enabled betting platform. He previously served as Chief Technology Officer at Barstool Sports, where he drove the company's platform through a high-growth phase. As Managing Partner of TripleBolt Technology, Nathan continues to build scalable blockchain infrastructure and serves as an active crypto and angel investor across diverse sectors and geographies. 'The future of gold is digital,' noted Dionne. 'We're excited to bring blockchain transparency and flexibility to a historically illiquid asset class. With Blue Gold's gold resource and vision, BGC is not just a token — it's a programmable commodity with intrinsic value.' The product will require legal and regulatory review and approval prior to launch. As a result, the token launch will follow a phased approach, beginning with a private sale to strategic investors, followed by broader availability through blockchain platforms. Proceeds from the offering will be used to accelerate Blue Gold's production timeline and support long-term growth initiatives. About Blue Gold Limited Blue Gold Limited (Nasdaq: BGL) acquired the historic 5.1 Moz Gold Resource Bogoso Prestea Mine in the renowned Ghana Ashanti Gold Belt in 2024 as part of a long-term strategy to expand and sustainably manage long-life high-quality assets. The Company's immediate focus is to restart the Bogoso and Prestea mine as soon as possible.. The Company's mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments. Blue Gold is committed to responsible development, operational transparency, and leveraging modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century. Blue Gold prioritizes growth, sustainable development, and transparency in all our business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint. TripleBolt Technology LLC TripleBolt Technology is a U.S.-based digital innovation firm that engineers secure, scalable platforms for enterprise and fintech clients. With deep expertise in product engineering, AI integration, and digital experience design, the company helps partners modernize infrastructure and launch blockchain-native solutions. TripleBolt's proprietary approach accelerates deployment while ensuring institutional-grade compliance and user experience. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the safe harbor for forward- looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited's products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited's shell company report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the 'SEC') on July 1, 2025, and other filings with the SEC. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding Blue Gold Limited, please visit No Offer or Solicitation This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption. For Further Information Contact: Tavistock Communications [email protected] +44 20 7920 3150 Skyline Corporate Communications Group, LLC Scott Powell, President One Rockefeller Plaza, 11th Floor New York, NY 10020 Office: (646) 893-5835 Email: [email protected]
Yahoo
27-06-2025
- Business
- Yahoo
Gold price today, Friday, June 27, 2025: Gold run slows ahead of PCE inflation report
Gold (GC=F) futures opened at $3,341.30 per ounce Friday, up 0.2% from Thursday's close of $3,333.50. In early trading, the gold futures price dipped below $3,300. Also on Friday, the S&P 500 edged toward a new record high after tensions between Israel and Iran de-escalated and Trump announced a signed trade deal with China. The Bureau of Economic Analysis will release the Personal Consumption Expenditures (PCE) price index, an inflation measure, on Friday. A positive reading there could extend stock market optimism. Demand for gold often moderates when the stock market is strong, as investors prioritize the capital gains potential in equities over the capital preservation opportunity in gold. The opening price of gold futures on Friday is up 0.2% from Thursday's close of $3,333.50 per ounce. Friday's opening price marks a decline of 0.3% over the past week, compared to the opening price of $3,350 on June 20. In the past month, the gold futures price has risen 0.3% compared to the opening price of $3,332.50 on May 27. In the past year, gold is up 45.5% from the opening price of $2,296.80 on June 27, 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. The next time you go to Costco (COST), you may want to pick up some gold with that rotisserie chicken. Gold prices have been on a run lately, and what more convenient place can you find to buy a commodity? In fact, the club store sells gold bars, silver coins, and platinum bars — three precious metals that many investors use to diversify their wealth. Learn more: Silver prices hit 13-year high as dollar weakens amid tariff uncertainty: 'The breakout has been brewing' The club store first offered gold bars in 2023, then added silver (SI=F) and platinum over the next year or so. Meanwhile, gold is hanging around its all-time high. Gold, silver, and platinum are all up more than 22% so far in 2025. Intrigued by Costco's precious metals offering? Read more here to learn key considerations for precious metals investing, the details of the Costco selection, and tips for managing your new investment. 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.
Yahoo
25-06-2025
- Business
- Yahoo
Gold price today, Wednesday, June 25, 2025: Gold lags last week as consumer confidence falls
Gold (GC=F) futures opened at $3,338.10 per ounce Wednesday, up 0.6% from Tuesday's close of $3,317.40. The daily opening price has been lower on a week-over-week basis for four consecutive days, and hasn't seen a price this low since June 9. Factors influencing the price of gold futures include the tenuous ceasefire between Israel and Iran, and declining consumer confidence in the U.S. The Conference Board announced a lower-than-expected Consumer Confidence reading for June. The Expectations Index, representing consumers' short-term income, business, and jobs outlook, fell to 69. A rating below 80 can signal an impending recession. A recession can encourage higher gold demand and gold prices. The opening price of gold futures on Wednesday is up 0.6% from Tuesday's close of $3,317.40 per ounce. Wednesday's opening price marks a decline of 1.4% over the past week, compared to the opening price of $3,385.30 on June 18. In the past month, the gold futures price has risen 0.3% compared to the opening price of $3,328 on May 23. In the past year, gold is up 43.6% from the opening price of $2,324.40 on June 25, 2024. As we've been saying all week, investing in gold is a four-step process, and today, we'll explore step 3, choosing a form. Once you define your target gold allocation, you must choose a form of gold to hold. Your three options are: Physical gold Gold mining stocks Gold ETFs Physical gold includes jewelry, gold bars, and gold coins. The advantages of physical gold include: Readily accessible for use. If you keep your physical gold at home, it is easily available for you to use as a medium of exchange in an economic emergency. No added volatility or ongoing fees. Gold mining stocks tend to rise and fall with gold prices, and business-related factors enhance their volatility. Gold ETFs charge administrative fees in the form of expense ratios. Learn more: Take a deeper dive into the gold sector The disadvantages of physical gold include: Risk of theft or loss. Physical gold must be properly secured. Whether you store it in your home or with a depository, gold can be stolen. Lower liquidity. Physical gold is less liquid than stocks or ETFs. If you are not using the gold as a medium of exchange, you may need to locate a dealer and pay a markup on the sale. Owning shares in gold mining stocks provides indirect gold exposure. The advantages of mining stocks over physical gold include: Greater liquidity. Large-cap gold mining stocks like Barrick Gold Corporation (GOLD) and Franco-Nevada Corporation (FNV) generally enjoy a narrow bid-ask spread, which is a sign of liquidity. The bid-ask spread is the difference between what buyers will pay and what sellers will accept. Easy to store. Stocks live in your brokerage account and do not consume physical space. In normal times, this is an advantage. In an economic catastrophe, this could be a disadvantage if brokers or the stock market are temporarily shut down. Learn more: The top performing companies in the gold industry The disadvantages of owning gold mining stocks include: Greater volatility. Since 2000, gold mining stocks have risen and fallen faster than gold spot prices. And in recent years, gold mining stocks have trended down even as gold has gained value. No utility as a medium of exchange. Gold mining stocks can appreciate, but they have no direct utility as a medium of exchange. Gold ETFs are funds that invest in gold mining stocks or physical gold. Their advantages include: Easy to store. Like gold mining stocks, ETF shares are essentially digital assets with no storage requirements. Greater liquidity. Shares of the most popular gold ETFs, like SPDR Gold Shares ($GLD), are heavily traded which implies good liquidity. Tied directly to gold prices. ETFs backed by physical gold can be less volatile than gold mining stocks or gold mining ETFs. The disadvantages of gold ETFs include: Fund fees. Funds charge fees, which dilute returns over time. For context, the expense ratio of SPDR Gold Shares is 0.40%. This translates to $4 in fees annually for every $1,000 invested. No utility as a medium of exchange. As with gold mining stocks, you probably cannot use ETF shares to trade for food in an economic emergency. 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.
