Gold futures started at $3,781.50 per ounce on Friday, marking a 1.2% increase from Thursday’s closing price of $3,736.90. For September, precious metals saw gains of nearly 8.5%.
Gold prices are inching closer to $3,800. Recently, President Trump announced tariffs varying from 25% to 100% on specific industries, including pharmaceuticals, heavy trucks, and furniture. Branded pharmaceuticals face taxes between 25% and 50%, though companies that set up manufacturing in the U.S. for trucks and furniture are exempt. These new tariffs are set to take effect on October 1st, and there are discussions about tariffs for manufacturers of semiconductors, depending on their production levels compared to imports.
Considering the uncertain economic effects of Trump’s tariffs, it’s possible that gold’s reputation as a safe haven might boost its demand even further.
The price of gold futures saw an opening increase of 1.2% from Thursday’s close, and it was up 3.3% from the previous week’s price of $3,659. Compared to the price of $3,378.90 on August 26, 2025, last month saw an 11.9% increase.
It’s helpful to know that you can keep an eye on gold prices at any time with resources like Yahoo Finance.
If you’re interested in high-performing companies within the gold sector, Yahoo Finance Screener is available for you to explore based on various criteria.
When you’re at Costco next, you might want to grab some gold along with that rotisserie chicken. Gold prices have been climbing lately; however, it’s definitely worth considering where to shop for these items.
Interestingly, Costco now offers gold bars, silver coins, and platinum bars, which many investors use to diversify their assets.
This venture into precious metals started for Costco with gold bars in 2023, followed by silver and platinum about a year later. So far in 2025, all three metals have seen noteworthy price increases.
If you’re contemplating investing in precious metals through Costco, there are key factors to consider when managing those investments.
Whether you review gold prices from last month or last year, the data indicates a consistent upward trend in values.
Historically, gold has experienced prolonged cycles of growth and decline. The period from 2009 to 2011 was marked by significant growth, after which prices fell and took nearly a decade to break previous highs.
During these stagnant years, being too heavily invested in gold could negatively affect your overall returns. If this worries you, perhaps a lower investment percentage in gold is appropriate. Conversely, if you’re prepared for some lean years with the hope of greater returns in strong years, a higher allocation might suit you better.
Recent attention on precious metals has led many analysts to express optimism about gold. A Goldman Sachs survey in May projected that by 2025, gold could reach $3,700 per troy ounce, representing approximately a 40% annual increase based on Friday’s opening price of $2,633. This anticipated rise is driven by heightened demand from central banks and the uncertainty surrounding U.S. tariff changes.
If you’re curious about the historical performance of gold, Yahoo Finance has been tracking its prices since 2000.
