Actual
4,610.27
Daily Change
9.75 0.21%
Monthly
13.39%
Yearly
33.66%
Q3 Forecast
4,629.88
Gold - Summary

Gold steadied around $4,600 an ounce on Friday and was set to end the week little changed as investors cautiously awaited Federal Reserve Chair Kevin Warsh’s speech at the annual Jackson Hole symposium later in the global day for clues about the outlook for US interest rates. Markets are currently pricing in around a 65% chance that the Fed will keep rates unchanged at its upcoming policy meeting in September. Still, a hotter-than-expected US inflation reading strengthened expectations for a Fed rate increase before year-end, with the probability of a hike by December remaining above 70%. Meanwhile, gold continued to benefit from the so-called debasement trade, as the US Treasury’s expanded debt buybacks heightened concerns over the risk of a US debt crisis and further dollar weakness. On the geopolitical front, oil prices remained elevated as escalations in the Russia-Ukraine war offset signs of diplomatic progress in the Middle East.

Gold - Stats

Gold rose to 4,610.27 USD/t.oz on August 28, 2026, up 0.21% from the previous day. Over the past month, Gold's price has risen 13.39%, and is up 33.66% compared to the same time last year, 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 August 28 of 2026.

Gold - Forecast

Gold rose to 4,610.27 USD/t.oz on August 28, 2026, up 0.21% from the previous day. Over the past month, Gold's price has risen 13.39%, and is up 33.66% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 4629.88 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 5032.36 in 12 months time.



Price Day Month Year Date
Gold 4,610.27 9.75 0.21% 13.39% 33.66% Aug/28
Silver 70.76 1.507 2.18% 22.82% 78.20% Aug/28
Copper 6.59 0.0036 0.05% 5.01% 46.05% Aug/28
Steel 3,113.00 9.00 0.29% 2.91% 1.50% Aug/28
Lithium 153,000.00 500 0.33% 4.79% 92.09% Aug/28
Platinum 1,882.90 29.10 1.57% 17.51% 38.09% Aug/28
Iron Ore 95.68 0.10 0.10% -2.67% -5.93% Aug/27



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 3.50 percent Jul 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jul 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
4610.27 4600.52 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Steadies as Warsh Remarks in Focus
Gold steadied around $4,600 an ounce on Friday and was set to end the week little changed as investors cautiously awaited Federal Reserve Chair Kevin Warsh’s speech at the annual Jackson Hole symposium later in the global day for clues about the outlook for US interest rates. Markets are currently pricing in around a 65% chance that the Fed will keep rates unchanged at its upcoming policy meeting in September. Still, a hotter-than-expected US inflation reading strengthened expectations for a Fed rate increase before year-end, with the probability of a hike by December remaining above 70%. Meanwhile, gold continued to benefit from the so-called debasement trade, as the US Treasury’s expanded debt buybacks heightened concerns over the risk of a US debt crisis and further dollar weakness. On the geopolitical front, oil prices remained elevated as escalations in the Russia-Ukraine war offset signs of diplomatic progress in the Middle East.
2026-08-27
Gold Steady as Investors Await Warsh's Jackson Hole Speech
Gold was little changed around $4,590 an ounce on Thursday after posting its biggest one-day percentage decline in a week, as investors awaited fresh policy signals from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium on Friday. Despite slightly hotter US inflation data, concerns over global debt continue to support demand for the precious metal. Gold reached a more than three-month high earlier this week, with the latest rally fueled by renewed concerns over dollar debasement following the US Treasury's decision to increase buybacks of older, long-dated bonds. Investors are looking to Warsh's debut Jackson Hole speech for clues on the Fed's approach to bringing inflation back to target. Data on Wednesday showed the PCE price index rose 3.7% year-on-year in July, slightly above expectations. Markets now see a 38% chance of a September rate hike, while the probability of a hike by December remains above 70%, according to the CME FedWatch Tool.
2026-08-27
Gold Steadies as Fed Outlook Mulled
Gold traded around $4,600 an ounce on Thursday after declining in the previous session, as investors continued to weigh the outlook for Federal Reserve monetary policy ahead of a key meeting next month. Data released Wednesday showed US PCE prices rose more than expected in July and remained well above the Fed’s target, supporting a bullish outlook on interest rates. Investors now turn to Fed Chair Kevin Warsh’s speech at the annual Jackson Hole symposium on Friday, although he is not expected to offer clear guidance on the central bank’s September policy decision. Meanwhile, gold hovered near its highest level in three months as the so-called debasement trade continued to provide support, with investors hedging against risks of a US debt crisis and a weaker dollar. Elsewhere, China’s net gold imports through Hong Kong rose around 11% month-over-month in July, supported by stronger investment demand.
2026-08-27