Actual
4,147.37
Daily Change
-17.18 -0.41%
Monthly
-4.79%
Yearly
2.59%
Q4 Forecast
4,237.22
Gold - Summary

Gold slipped below $4,150 an ounce on Wednesday, giving back some of the previous session’s gains as oil prices rebounded on persistent risks to Middle East supply, keeping inflationary risks and rate hike concerns in focus. Oil prices advanced as Iran intensified attacks on tankers in the Strait of Hormuz in recent days, while Saudi forces continued to clash with the Houthis. Treasury yields also remained near multi-decade highs amid concerns over persistent inflation, rising fiscal risks and elevated AI-related debt issuances. Meanwhile, markets are pricing in nearly an 80% chance that the US Federal Reserve will keep rates unchanged this month following weaker-than-expected job growth in September and downward revisions to payrolls for the prior two months. Investors now await minutes from the Fed’s latest meeting for further clues on the monetary policy outlook.

Gold - Stats

Gold fell to 4,145.82 USD/t.oz on October 7, 2026, down 0.45% from the previous day. Over the past month, Gold's price has fallen 4.82%, but it is still 2.55% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on October 7 of 2026.

Gold - Forecast

Gold fell to 4,145.82 USD/t.oz on October 7, 2026, down 0.45% from the previous day. Over the past month, Gold's price has fallen 4.82%, but it is still 2.55% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 4237.22 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4546.76 in 12 months time.



Price Day Month Year Date
Gold 4,147.37 -17.18 -0.41% -4.79% 2.59% Oct/07
Silver 60.94 -0.394 -0.64% -7.32% 24.73% Oct/07
Copper 6.58 -0.0185 -0.28% -2.42% 31.25% Oct/07
Platinum 1,708.20 -1.10 -0.06% -7.82% 3.33% Oct/07
Iron Ore 91.18 -0.27 -0.30% -8.84% -12.51% Oct/06



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Jun 2026
Russia Gold Reserves 2282.98 2304.75 Tonnes Jun 2026
China Gold Reserves 2346.43 2313.46 Tonnes Jun 2026
India Gold Reserves 880.52 880.52 Tonnes Jun 2026
Germany Gold Reserves 3350.25 3350.25 Tonnes Mar 2026
France Gold Reserves 2437.00 2437.00 Tonnes Mar 2026
Italy Gold Reserves 2451.84 2451.87 Tonnes Mar 2026
United States Inflation Rate 3.40 3.40 percent Aug 2026
United States Fed Funds Interest Rate 4.00 3.75 percent Sep 2026

Gold
Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. It plays a dual role as both an investment and a consumer good, with demand driven by financial markets, jewelry consumption, and industrial use. Gold is primarily traded on the over-the-counter London market, as well as on major exchanges such as the COMEX and the Shanghai Gold Exchange (SGE). Standard futures contracts typically represent 100 troy ounces. Globally, gold demand is led by jewelry consumption, followed by investment demand and a smaller share from industrial applications. On the supply side, China, Australia, the United States, South Africa, Russia, Peru, and Indonesia are among the largest producers. Major consumers of gold jewelry include India, China, the United States, Turkey, Saudi Arabia, Russia, and the United Arab Emirates. Gold prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
4145.82 4164.55 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Eases as Oil Prices Recover
Gold slipped below $4,150 an ounce on Wednesday, giving back some of the previous session’s gains as oil prices rebounded on persistent risks to Middle East supply, keeping inflationary risks and rate hike concerns in focus. Oil prices advanced as Iran intensified attacks on tankers in the Strait of Hormuz in recent days, while Saudi forces continued to clash with the Houthis. Treasury yields also remained near multi-decade highs amid concerns over persistent inflation, rising fiscal risks and elevated AI-related debt issuances. Meanwhile, markets are pricing in nearly an 80% chance that the US Federal Reserve will keep rates unchanged this month following weaker-than-expected job growth in September and downward revisions to payrolls for the prior two months. Investors now await minutes from the Fed’s latest meeting for further clues on the monetary policy outlook.
2026-10-07
Gold Slightly Up as Fed Rate-Hike Bets Fade
Gold edged above $4,160 an ounce on Tuesday as fading expectations of a Federal Reserve rate hike this month offset pressure from a firm US dollar and elevated Treasury yields. Markets have scaled back bets on an October rate hike following weaker-than-expected job growth in September and downward revisions to payrolls for the previous two months. Traders now see only about a 20% chance of a rate increase this month, while still pricing in nearly a 70% probability of a hike in December, according to the CME FedWatch Tool. Higher interest rates raise the opportunity cost of holding non-yielding gold. The dollar, however, remained close to an 18-month high, supported by rising government debt, widening budget deficits and political uncertainty in parts of the Eurozone, which have weighed on the euro. Meanwhile, oil prices fell on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased concerns over supply disruptions.
2026-10-06
Gold Pressured as Dollar, Yields Weigh
Gold fell toward $4,100 an ounce on Tuesday, hitting two-month lows as a stronger dollar and surging Treasury yields outweighed support from softer US jobs data and reduced expectations for an October rate hike by the Federal Reserve. The dollar strengthened largely as the euro weakened amid rising political uncertainty and fiscal concerns across Europe. Treasury yields also climbed to fresh 24-year highs as the global bond selloff continued, driven by mounting fiscal risks and persistent inflation concerns. ISM data showed that cost pressures in the US services sector increased at the fastest pace in more than four years last month. Meanwhile, markets are pricing in roughly a 78% probability that the Fed will keep interest rates unchanged this month following weaker-than-expected US jobs data. Elsewhere, oil prices declined on signs of increased supply from the Middle East, easing concerns over inflation and higher interest rates.
2026-10-06