The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ounce and up 26.39% since the beginning of the year.

That price marks a 26% jump from where the metal started the year — but a 5% drop from where it started in November, erasing a good portion of the increase seen throughout 2024. That said, economic factors are constantly evolving and Wednesday brought news that could affect the price of gold yet again.

The impressive year-to-date rally in gold has seen a temporary dip following the recent US election results, according to a World Gold Council report.A mix of stronger bond yields, a rising US dollar,

Gold was trading at $2,697.51 per troy ounce as of 9 a.m. ET. That’s a +0.48% change since yesterday. The precious metal is up 30.55% since Jan. 1, 2024. Over the last day, its highest trading price was $2,710.44, while its lowest was $2,680.40.