Actual
4,186.01
Daily Change
14.13 0.34%
Monthly
-2.63%
Yearly
1.03%
Q4 Forecast
4,285.19
Gold - Summary

Gold held below $4,200 an ounce on Tuesday, remaining under pressure as the US dollar climbed to an 18-month high ahead of key inflation reports that could shape the Federal Reserve’s next interest rate decision. The US consumer price index is due on Wednesday, followed by producer inflation data on Thursday. Markets are pricing in roughly an 80% probability that the Fed will leave interest rates unchanged this month, while assigning nearly an 88% chance of a rate hike in December. Investors also monitored geopolitical tensions as the US considers joining Saudi Arabia in its campaign against Iran-backed Houthi militants in Yemen, while the recently announced Russia-Ukraine “energy ceasefire” has already been violated. These developments have kept oil prices elevated, fueling inflation concerns and increasing expectations of further interest rate hikes.

Gold - Stats

Gold rose to 4,188.29 USD/t.oz on October 13, 2026, up 0.39% from the previous day. Over the past month, Gold's price has fallen 2.58%, but it is still 1.09% 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 13 of 2026.

Gold - Forecast

Gold rose to 4,188.29 USD/t.oz on October 13, 2026, up 0.39% from the previous day. Over the past month, Gold's price has fallen 2.58%, but it is still 1.09% 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 4285.19 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 4609.48 in 12 months time.



Price Day Month Year Date
Gold 4,186.34 14.46 0.35% -2.62% 1.04% Oct/13
Silver 60.53 0.232 0.38% -4.27% 17.74% Oct/13
Copper 6.71 0.0085 0.13% 5.96% 34.89% Oct/13
Steel 3,094.00 8.00 0.26% -0.42% 1.94% Oct/13
Lithium 111,650.00 -3750 -3.25% -19.47% 52.95% Oct/13
Platinum 1,711.60 18.10 1.07% -3.83% 3.95% Oct/13
Iron Ore 90.83 0.15 0.17% -6.89% -14.74% Oct/12



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
Italy Gold Reserves 2451.83 2451.84 Tonnes Jun 2026
India Gold Reserves 880.52 880.52 Tonnes Jun 2026
Germany Gold Reserves 3349.29 3350.25 Tonnes Jun 2026
France Gold Reserves 2437.00 2437.00 Tonnes Jun 2026
China Gold Reserves 2346.43 2313.46 Tonnes Jun 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
4188.29 4171.88 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Pressured by Dollar Strength
Gold held below $4,200 an ounce on Tuesday, remaining under pressure as the US dollar climbed to an 18-month high ahead of key inflation reports that could shape the Federal Reserve’s next interest rate decision. The US consumer price index is due on Wednesday, followed by producer inflation data on Thursday. Markets are pricing in roughly an 80% probability that the Fed will leave interest rates unchanged this month, while assigning nearly an 88% chance of a rate hike in December. Investors also monitored geopolitical tensions as the US considers joining Saudi Arabia in its campaign against Iran-backed Houthi militants in Yemen, while the recently announced Russia-Ukraine “energy ceasefire” has already been violated. These developments have kept oil prices elevated, fueling inflation concerns and increasing expectations of further interest rate hikes.
2026-10-13
Gold Slips on Strong Dollar
Gold prices eased to around $4,170 an ounce on Monday after reaching a one-week high earlier in the session, as a firm US dollar weighed on bullion and investors awaited key inflation data that could influence the Federal Reserve’s interest-rate outlook. The dollar remained near its strongest level in 18 months, supported by tensions in the Middle East and caution ahead of this week’s US consumer and producer price reports and retail sales data. Stronger-than-expected readings could reinforce expectations of tighter monetary policy, pushing Treasury yields and the dollar higher and placing further pressure on gold. Markets have scaled back expectations for a Fed rate hike this month, with traders pricing in less than a 20% probability of an increase, while assigning an 85% chance of a hike by December, according to CME’s FedWatch tool. Investors will also monitor this week’s IMF-World Bank annual meetings for further signals from global central bankers on the monetary policy outlook.
2026-10-12
Gold Holds Advance
Gold prices traded near $4,200 an ounce on Monday after rising for two straight sessions, as falling oil prices, driven by hopes that Russian diesel supplies could ease global fuel shortages, helped alleviate inflation concerns. On Friday, President Donald Trump said his administration had reached an agreement for Russia to supply hundreds of thousands of tons of diesel, signaling a partial lifting of Moscow’s ban on diesel exports. Trump also claimed that Russia and Ukraine had agreed to an “energy ceasefire” effective immediately. Meanwhile, Saudi Arabia’s main airport was targeted again on Sunday by Iran-backed Houthi militants, a day after a strike killed 12 people and injured more than 300. The attacks prompted Trump to consider joining Saudi Arabia in retaliatory action against the Houthis in Yemen. Elsewhere, investors looked ahead to key US inflation figures this week that could offer fresh clues on the Federal Reserve’s next policy move.
2026-10-12