Gold (GC=F) futures opened at $4,481.80 per troy ounce on Tuesday, up 0.3% from Monday’s closing price of $4,469.40. This was gold’s first open above $4,400. Year-to-date, gold is up 73.6% due to strong demand from central banks and exchange-traded funds (ETFs). Three interest rate reductions in 2025 and a weaker dollar have also contributed. The U.S. dollar index (DX-Y.NYB) is down 9.8% in 2025, with most of the decline occurring in the first half of the year. The dollar’s value loss between January a ...