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Gold (GC=F) June futures opened at $4,697.50 per troy ounce on Tuesday, 0.1% higher than Monday’s closing price of $4,693.70. Gold slipped lower in early trading, moving down to $4,628.50 as of 6:30 a.m. ET.

Silver (SI=F) May futures opened at $75.46 per ounce on Tuesday, 0.6% higher compared with Monday’s closing price of $75.02. The price of silver fell to $73.86 by 6:30 a.m. ET.

This morning marks the lowest opening prices for gold and silver since April 13.

Both gold and silver prices are sliding ahead of the Federal Reserve’s third rate-setting meeting of the year. The CME Group’s Fed Watch tool shows a 100% consensus that the Fed will leave rates unchanged yet again. Many believe the Fed could even begin raising rates later this year to battle inflation, which is at its highest level in nearly two years.

Brent Crude (BZ=F) was over $104 a barrel this morning, as there appears to be no progress toward opening the Strait of Hormuz to resume the flow of oil across the globe.

The price of gold is down 12.1% since March 2, just after the war with Iran began. The price of silver is down 21.3% during the same time period.

Learn more: Who decides what gold is worth? How gold prices are determined.

The opening price of gold futures on Tuesday was 0.1% higher than Monday’s close. Here’s a look at how the opening gold price has changed versus last week, month, and year:

One week ago: No change

One month ago: +4.6%

One year ago: +43%

The precious metal’s one-year gain was 95.6% on Jan. 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.

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.

Silver (SI=F) May futures opened 0.6% higher than Monday’s closing price. Here’s a look at how the opening silver price has changed versus last week, month, and year:

One week ago: -4.4%

One month ago: +11.7%

One year ago: +128.7%

Learn more: How to invest in silver: A beginner’s guide

Gold has the same high-level risk as any investment: You could lose money. And, as with other investments, a loss on gold can materialize in different ways. Understanding the potential outcomes is the first step to managing your risk when investing in gold.

According to gold experts, would-be gold investors should understand these four risks:

Price

Speculation

Opportunity cost

Fraud

Today, we’ll focus on the first two: price and speculation.

Learn more: How to invest in gold in 7 steps

There is a price risk for investors who buy gold when the metal is nearing record high prices. “Buying high to hope for short-term higher is a tough strategy,” said Darrell Fletcher, managing director, commodities at Bannockburn Capital Markets.

Despite the high prices, there are positive dynamics in play for the precious metal. Fletcher pointed out that gold is recovering from decades of low prices, and it’s an increasingly popular diversification asset for central banks and individual investors.

The right expectations, a long timeline, and an appropriate allocation can limit your pricing risk. “Gold should not be seen as a driver of supercharged returns — it’s there to act primarily as a stabilizer in a diversified portfolio,” explained Alex Tsepaev, chief strategy officer of B2PRIME Group.

If you are interested in learning more about gold’s historical value, Yahoo Finance has been tracking the historical price of gold since 2000.

Thomas Winmill, portfolio manager at Midas Funds, encourages investors to view positions in gold bullion, coins, and ETFs as speculative. Gold is a commodity, and “commodity prices are dependent on macroeconomic, political, industrial, and financial factors that are unpredictable, and in some cases, unknowable.”

Despite its recent performance, gold is an unpredictable asset. Keeping that in mind when making trading decisions could protect you from over-exposure and unrealistic expectations.

Learn more: Thinking of buying gold? Here's what investors should watch for.

Whether you’re tracking the price of gold and silver since last month or last year, the price of gold and silver charts below show the precious metals’ change in value.

More silver coverage from the Yahoo Finance team: 

Silver price volatility: What to know and how to invest in 2026

Silver vs. gold: Which metal made investors more money in the last 50 years?

​​Gold alternatives? How to invest in silver, platinum, and palladium.

Why is silver outperforming gold? What to know before you invest.

3 predictions about silver prices in the next decade

How to invest in silver in 5 steps

Silver prices have more than tripled over the past year despite their recent sell-off. Here’s what you should know about the metal before you invest.

Gold and silver prices have been on a tear, with silver prices increasing by more than 100% year to date. Experts weigh in on what could be causing these record highs.

The two primary gold prices investors should know are spot prices and gold futures prices. Learn the difference, the historical price of gold, and the current dynamics.

Gold prices have skyrocketed in recent years, but how high can they go next? Here are the boldest predictions for how gold will perform.

How will silver's price change in 2026 and beyond? Learn what's driving silver's price increases and expert predictions.

Gold has the same high-level risk as any investment. Would-be gold investors should understand the risks associated with price, speculation, opportunity cost, and fraud.