Gold edged above $5,080 per ounce on Friday, but still on track for a back-to-back weekly loss, as surging oil prices fueled inflation concerns. President Donald Trump and Iran’s new supreme leader Mojtaba Khamenei issued defiant remarks, with Trump stressing that stopping Iran from acquiring nuclear weapons takes priority over oil price concerns, while Khamenei vowed to keep the strategic Strait of Hormuz closed and warned that Iran could open additional fronts if US and Israeli attacks persist. The tensions pushed energy prices higher, stoking inflation worries and dampening expectations of Federal Reserve interest rate cuts. Markets see no chance of a reduction at next week’s meeting and only about a 70% probability of a cut later this year. Elsewhere, gold discounts in India hit a nearly decade-low this week as weak demand and avoidance of import duties weighed, while China extended gold buying into its 16th consecutive month.

Gold rose to 5,085.85 USD/t.oz on March 13, 2026, up 0.13% from the previous day. Over the past month, Gold's price has risen 1.90%, and is up 70.47% 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 March 13 of 2026.

Gold rose to 5,085.85 USD/t.oz on March 13, 2026, up 0.13% from the previous day. Over the past month, Gold's price has risen 1.90%, and is up 70.47% 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 5142.41 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 5558.43 in 12 months time.



Price Day Month Year Date
Gold 5,087.06 7.87 0.15% 1.92% 70.51% Mar/13
Silver 83.05 -0.769 -0.92% 10.10% 145.92% Mar/13
Copper 5.76 -0.0676 -1.16% -0.10% 18.50% Mar/13
Steel 3,142.00 4.00 0.13% 3.59% -3.83% Mar/13
Lithium 159,000.00 1000 0.63% 4.61% 112.42% Mar/13
Platinum 2,071.50 -94.00 -4.34% 1.14% 105.32% Mar/13
Iron Ore 104.72 1.19 1.15% 5.08% 2.51% Mar/12



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Dec 2025
Russia Gold Reserves 2326.52 2329.63 Tonnes Dec 2025
Italy Gold Reserves 2451.87 2451.84 Tonnes Dec 2025
India Gold Reserves 880.18 880.18 Tonnes Dec 2025
Germany Gold Reserves 3350.25 3350.25 Tonnes Dec 2025
France Gold Reserves 2437.00 2437.00 Tonnes Dec 2025
China Gold Reserves 2306.30 2303.50 Tonnes Dec 2025
United States Inflation Rate 2.40 2.40 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026

Gold
Gold is mostly traded on the OTC London market, the US futures market (COMEX) and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
5085.85 5079.19 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Poised for Weekly Loss
Gold edged above $5,080 per ounce on Friday, but still on track for a back-to-back weekly loss, as surging oil prices fueled inflation concerns. President Donald Trump and Iran’s new supreme leader Mojtaba Khamenei issued defiant remarks, with Trump stressing that stopping Iran from acquiring nuclear weapons takes priority over oil price concerns, while Khamenei vowed to keep the strategic Strait of Hormuz closed and warned that Iran could open additional fronts if US and Israeli attacks persist. The tensions pushed energy prices higher, stoking inflation worries and dampening expectations of Federal Reserve interest rate cuts. Markets see no chance of a reduction at next week’s meeting and only about a 70% probability of a cut later this year. Elsewhere, gold discounts in India hit a nearly decade-low this week as weak demand and avoidance of import duties weighed, while China extended gold buying into its 16th consecutive month.
2026-03-13
Gold Holds Steady Above $5,180
Gold prices stabilized above $5,180 per ounce on Thursday as investors balanced safe-haven demand against the pressures of a strong dollar and rising bond yields. The escalating conflict between the United States and Iran has pushed oil prices above 100 dollars per barrel which typically increases the appeal of bullion as a hedge against inflation. However these gains were limited by liquidations from margin calls on falling global stocks and the continued strength of the dollar index which makes gold more expensive for international buyers. While February consumer price data showed a 0.3% rise that matched expectations, the jump in ten year Treasury yields to a five week high has dampened hopes for imminent interest rate cuts by the Federal Reserve. Central banks continue to increase their physical holdings as a buffer against geopolitical instability while traders monitor upcoming spending reports for further policy cues.
2026-03-12
Gold Pressured by Rising Inflation Risks
Gold traded around $5,180 per ounce on Thursday, holding losses from the previous session as surging oil prices heightened inflationary risks and reduced the likelihood of central bank interest rate cuts. Oil prices climbed for a second day as the prospect of a protracted Iran war overshadowed a coordinated release of oil reserves by major economies. Markets also viewed the emergency oil release as insufficient even after the IEA agreed to its largest-ever release of 400 million barrels of oil. Gold came under pressure as well from a rallying dollar and surging Treasury yields as forward-looking inflation concerns dimmed prospects for a Fed easing, with forecasts currently pointing to only one rate reduction later this year. Meanwhile, data on Wednesday showed US core inflation remained tame at the start of the year. The European Union also warned that its inflation could exceed 3% this year.
2026-03-12