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Gold price today, Monday, October 13: Gold briefly hits a record $4,099 after China trade tensions escalate
Yahoo Finance·2025-10-13 19:41

Gold (GC=F) futures opened at 4,018.30perounceonMonday,up1.14,018.30 per ounce on Monday, up 1.1% from Friday’s close of 3,975.90. The price of gold also rose in early trading to a record 4,099.60.TradetensionsbetweentheU.S.andChinaescalatedFriday,contributingtogoldsriseabove4,099.60. Trade tensions between the U.S. and China escalated Friday, contributing to gold’s rise above 4,000 per ounce. President Trump said the U.S. would impose an additional 100% tariff on Chinese imports after Beijing announced export controls on rare earth minerals. These metallic elements are used to make technology products like smartphon ...