Actual
4,193.87
Daily Change
60.75 1.47%
Monthly
-2.86%
Yearly
4.50%
Q4 Forecast
4,285.19
Gold - Summary

Gold prices climbed more than 1% to around $4,180 an ounce on Friday, reaching a one-week high as investors weighed a softer US dollar and retreating oil prices against the prospect of further Federal Reserve rate hikes. Oil prices pulled back following a recent rally after US President Donald Trump said Washington would not attack Iran before next month’s US midterm elections, as diplomatic efforts to end the war continued. The conflict has disrupted global energy markets, fueling concerns over inflation. Meanwhile, St. Louis Fed President Alberto Musalem said on Thursday that further monetary tightening may be needed to bring inflation back to the central bank’s 2% target, although he declined to signal how he would vote at the Fed’s policy meeting later this month. According to the CME FedWatch Tool, traders were pricing in less than a 20% chance of a rate hike in October, but more than an 80% probability of at least one 25-basis-point increase by December.

Gold - Stats

Gold rose to 4,193.87 USD/t.oz on October 9, 2026, up 1.47% from the previous day. Over the past month, Gold's price has fallen 2.86%, but it is still 4.50% 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 11 of 2026.

Gold - Forecast

Gold rose to 4,193.87 USD/t.oz on October 9, 2026, up 1.47% from the previous day. Over the past month, Gold's price has fallen 2.86%, but it is still 4.50% 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 4,193.87 60.75 1.47% -2.86% 4.50% Oct/09
Silver 60.80 1.627 2.75% -4.32% 20.93% Oct/09
Copper 6.66 0.1440 2.21% 3.03% 38.87% Oct/09
Steel 3,099.00 27.00 0.88% 0.13% 0.42% Oct/09
Lithium 122,350.00 -2600 -2.08% -15.48% 66.35% Oct/09
Platinum 1,695.40 53.40 3.25% -5.87% 6.06% Oct/09
Iron Ore 90.68 -0.30 -0.33% -8.11% -14.24% Oct/09



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
4193.87 4133.12 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Rises on Softer Dollar and Cooling Oil
Gold prices climbed more than 1% to around $4,180 an ounce on Friday, reaching a one-week high as investors weighed a softer US dollar and retreating oil prices against the prospect of further Federal Reserve rate hikes. Oil prices pulled back following a recent rally after US President Donald Trump said Washington would not attack Iran before next month’s US midterm elections, as diplomatic efforts to end the war continued. The conflict has disrupted global energy markets, fueling concerns over inflation. Meanwhile, St. Louis Fed President Alberto Musalem said on Thursday that further monetary tightening may be needed to bring inflation back to the central bank’s 2% target, although he declined to signal how he would vote at the Fed’s policy meeting later this month. According to the CME FedWatch Tool, traders were pricing in less than a 20% chance of a rate hike in October, but more than an 80% probability of at least one 25-basis-point increase by December.
2026-10-09
Gold Advances as Oil Prices and Bond Yields Retreat
Gold rose toward $4,200 an ounce on Friday, gaining for a second consecutive session as falling oil prices and bond yields eased pressure on non-yielding metals. Oil prices declined after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. His remarks came even as Iran intensified attacks on tankers transiting the Strait of Hormuz this week, while a hurricane disrupted offshore oil production in the Gulf of Mexico. Meanwhile, US Treasury yields retreated from 24-year highs following strong demand at a 30-year bond auction, indicating that investors remained willing to buy long-dated government debt despite the recent selloff. On the monetary policy front, markets are pricing in roughly an 82% chance that the Federal Reserve will keep interest rates unchanged this month, while the probability of a rate hike in December stands at around 81%.
2026-10-09
Gold Set to End Week Little Changed
Gold steadied near $4,150 an ounce on Friday and was on track to finish the week little changed, as investors assessed developments in the Middle East and the outlook for Federal Reserve monetary policy. Oil prices eased after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. His comments came even as Iran intensified attacks on tankers passing through the Strait of Hormuz this week. A hurricane also disrupted US offshore oil production in the Gulf of Mexico. Meanwhile, markets are currently pricing in an approximately 82% probability that the Fed will keep interest rates unchanged this month, while the odds of a rate hike in December stand at around 81%. On Thursday, St. Louis Fed President Alberto Musalem indicated that rates may need to rise over the next six to nine months to bring inflation back toward the central bank’s 2% target.
2026-10-09