The price of gold traded at $2,773.72 per troy ounce, as of 9 a.m. ET. That’s down 0.32% from yesterday’s gold price per ounce and up 34.23% since the beginning of the year.

For early investors, this year's meteoric rise in gold prices has led to impressive returns. Those who bought gold at the $2,160 price point in March have already enjoyed substantial gains and even recent investors who entered the market at slightly higher levels have benefitted from the upward trend.

The price of gold has been on a tear lately. Actually, the precious metal has rallied for most of 2024. In January, gold sold for about 2,000 an ounce.