Gold opens less than $ 3400 before the Jobs May report

gold (GC = fFutures opened at $ 3,377.40 an ounce on Friday, an increase of 0.8 % over the end of Thursday of $ 3,350.70. The opening price on Friday fell slightly from its highest level above $ 3400, which was achieved earlier this week.

May report on the work statistics officeThe released on Friday showed a slower employment and no change in the unemployment rate in April 4.2 %. Non -agricultural salary lists increased by 139,000, overcoming the expected increase of 126,000, but failed the revised increase in April 147,000. The stable unemployment rate was in line with expectations. Investors are closely monitoring job data to measure the economic impact of President Donald Trump’s tariff policy and commercial war. The high unemployment may encourage investors to trim their stock sites in favor of gold as they are Two goals for a possible stagnation.

Learn more: How to invest in gold in 4 steps

The opening price of the gold futures contracts on Friday increased by 0.8 % from the end of Thursday, of $ 3,350.70 an ounce. The opening price on Friday represents a 2 % profit during the past week, compared to the opening price of $ 3,315.10 on May 30. Last month, the price of golden futures increased by 0.4 % compared to the opening price of $ 3,365.50 on May 6. Last year, gold rose 43 % of the opening price of 2,355 on June 6.

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The next time you go to Costco (AssignYou may want to pick up some gold with grilled chicken. Gold prices have been ran recently, and what is the most convenient place you can find to buy a commodity?

In fact, the gold Bars store, silver currencies, and platinum bars – sells three precious metals used by many investors to diversify their wealth.

Learn more: Silver prices rose to a height of 13 years with a weak dollar, amid uncertainty in the customs tariff: “The penetration was fermented.”

The club’s store first presented gold bars in 2023, then added silver (Si = f) And platinum during the next year or so. Meanwhile, gold is hanging around its highest level ever. Gold, silver and platinum are all more than 22 % at least so far in 2025.

Costco width of precious metals? Read more here To learn the main considerations for investing precious metals, Costco selection details, and tips for managing your new investment.

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.