Gold () futures opened Monday at $4,490 a troy ounce, down 5.4% from Friday’s close of $4,745.10. Week to week, the price of April futures is down more than 11%.

Despite the current selloff, the price of gold is still up nearly 60% since last year.

Stock investors may also be on edge Monday: S&P futures () are currently down 0.3%, Dow Jones futures () were down 0.04% and Nasdaq 100 futures () are down 0.6%.

Upcoming economic data and earnings reports may clear up the uncertainty. With the fourth-quarter earnings season underway, the US jobs report and a preliminary reading of consumer sentiment are due on Friday. So far, the S&P 500 has posted double-digit year-over-year earnings growth for the fifth straight quarter.

Gold often moves in the opposite direction of stock prices, but that relationship didn’t hold in 2025, when both gold and the S&P 500 had double-digit gains.

The opening price of gold futures on Monday fell 5.4% from Friday’s close. Here’s a look at how the opening gold price has changed over the past week, month and year:

• A week ago: -11.6%

• A month ago: +3.2%

• A year ago: +58.7%

Gold’s one-year gain was 95.6% on January 29.

24/7 Gold Price Tracking: don’t forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.

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The price of gold can be quoted in multiple ways because the precious metal is traded in different ways. The two main gold prices that investors should be aware of are spot prices and gold futures prices.

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The spot price of gold is the current market price per ounce of physical gold as a commodity, sometimes called spot gold. Gold ETFs that are backed by physical gold assets generally track the spot price of gold.

The spot price is less than what you would pay to buy gold coins, bullion or jewelry because your total price will include a margin called the gold premium that covers refining, marketing, dealer overhead and profit. The spot price is more like a wholesale price, and the spot price plus the gold premium is the retail price.

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Gold futures are contracts that commit to a gold transaction at a specific price at a future date. These contracts are traded on an exchange and are more liquid than physical gold. They are settled on or before the expiry date of the contract, either financially or by delivery. A cash financial settlement involves paying the contract gains or losses in cash. Delivery means that the seller sends physical gold to the buyer for the contracted price.

Supply and demand determine gold spot prices and gold futures prices. Factors influencing the supply and demand for gold include:

1. Geopolitical events

2. Central bank buying trends

3. inflation

4. Interest rate

5. Mining production

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Whether you’re tracking the price of gold from last month or last year, the gold price chart below shows the precious metal’s steady rise in value.

More information: Gold alternatives? How to invest in silver, platinum and palladium.