Actual
4,650.73
Daily Change
43.38 0.94%
Monthly
14.06%
Yearly
38.13%
Q3 Forecast
4,653.07
Gold - Summary

Gold rose to around $4,650 an ounce on Monday, extending last week’s gains and reaching its highest level since mid-May, as concerns over US debt management and fiscal sustainability persisted following the Treasury’s unexpected ramp-up in longer-dated debt buybacks. The move pushed bond yields and the dollar lower, reviving the so-called debasement trade and boosting gold’s appeal as an alternative store of value. On the geopolitical front, threatened new US sanctions on Iran are raising the risk of further disruptions to Iranian oil supplies, potentially pushing energy prices higher and limiting the scope for interest-rate cuts. Investors will now focus on July PCE inflation data and Fed Chair Warsh’s Jackson Hole speech for further clues on the US rate outlook. Meanwhile, Canada’s planned retaliatory tariffs on some US goods after trade talks collapsed add to broader economic uncertainty.

Gold - Stats

Gold rose to 4,654.18 USD/t.oz on August 24, 2026, up 1.02% from the previous day. Over the past month, Gold's price has risen 14.14%, and is up 38.23% 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 24 of 2026.

Gold - Forecast

Gold rose to 4,654.18 USD/t.oz on August 24, 2026, up 1.02% from the previous day. Over the past month, Gold's price has risen 14.14%, and is up 38.23% 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 4653.07 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 5044.13 in 12 months time.



Price Day Month Year Date
Gold 4,650.73 43.38 0.94% 14.06% 38.13% Aug/24
Silver 69.27 0.321 0.47% 18.60% 79.59% Aug/24
Copper 6.56 -0.0183 -0.28% 3.40% 46.90% Aug/24
Steel 3,067.00 6.00 0.20% 0.20% -2.01% Aug/24
Lithium 152,250.00 1250 0.83% 6.47% 84.56% Aug/21
Platinum 1,896.40 0.70 0.04% 16.19% 42.42% Aug/24
Iron Ore 95.21 0.05 0.05% -3.22% -6.12% Aug/21



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
4654.18 4607.35 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Rises to 3-Month High
Gold rose to around $4,650 an ounce on Monday, extending last week’s gains and reaching its highest level since mid-May, as concerns over US debt management and fiscal sustainability persisted following the Treasury’s unexpected ramp-up in longer-dated debt buybacks. The move pushed bond yields and the dollar lower, reviving the so-called debasement trade and boosting gold’s appeal as an alternative store of value. On the geopolitical front, threatened new US sanctions on Iran are raising the risk of further disruptions to Iranian oil supplies, potentially pushing energy prices higher and limiting the scope for interest-rate cuts. Investors will now focus on July PCE inflation data and Fed Chair Warsh’s Jackson Hole speech for further clues on the US rate outlook. Meanwhile, Canada’s planned retaliatory tariffs on some US goods after trade talks collapsed add to broader economic uncertainty.
2026-08-24
Gold Advances to Over 3-Month High
Gold climbed to over $4,600 an ounce on Friday, its highest level since mid-May, and extended weekly gains to around 5%. The rally was supported by renewed concerns over US fiscal sustainability after the Treasury unexpectedly increased its planned purchases of longer-dated government debt, pushing bond yields and the dollar lower. The intervention has raised questions about Washington’s ability to manage rising borrowing costs and reinforced demand for gold as an alternative store of value. Treasury Secretary Scott Bessent has indicated that further buybacks could follow, while the administration is preparing additional measures to address elevated financing costs. Meanwhile, rising oil prices could limit further gains by keeping inflation pressures elevated and reducing expectations for interest-rate cuts. The US campaign to intensify economic pressure on Iran has also weakened hopes for a quick reopening of the Strait of Hormuz, supporting energy prices.
2026-08-21
Gold Heads for Third Straight Weekly Gain
Gold traded above $4,500 an ounce on Friday and was on course for a third consecutive weekly gain, as investors turned to safe-haven metals amid heightened volatility across currency and bond markets, while rising oil prices continued to underscore inflationary risks. The precious metal jumped more than 4% on Wednesday after the US Treasury Department announced plans to at least double its long-term debt buybacks in an effort to contain borrowing costs, driving Treasury yields and the dollar sharply lower. Gold held on to those gains even after Treasury yields reversed Wednesday’s decline amid concerns that the government’s efforts to rein in long-term borrowing costs may provide only a temporary solution. Meanwhile, oil prices extended their advance as the US prepares sweeping new economic sanctions against Iran. Elsewhere, gold remained supported by robust investment demand and continued central bank purchases, particularly from China.
2026-08-21