Actual
4,387.06
Daily Change
-21.54 -0.49%
Monthly
8.21%
Yearly
31.52%
Q3 Forecast
4,459.91
Gold - Summary

Gold slipped below $4,400 an ounce on Thursday after reaching a ten-week high earlier in the session, as investors adopted a cautious stance ahead of US producer inflation data for further insights on recent price trends. Data released Wednesday showed US consumer inflation eased for a second consecutive month to 3.4% in July, while increasing just 0.1% from the previous month. Markets now see around a 40% chance of a 25 basis point rate hike from the Federal Reserve in September, down from nearly 50% a day earlier. Gold also remained under pressure from elevated oil prices as hopes for a deal to reopen the Strait of Hormuz stayed limited. Escalating rhetoric between the US and Iran amid stalled negotiations further reduced expectations for an imminent agreement.

Gold - Stats

Gold fell to 4,387.55 USD/t.oz on August 13, 2026, down 0.48% from the previous day. Over the past month, Gold's price has risen 8.22%, and is up 31.53% 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 13 of 2026.

Gold - Forecast

Gold fell to 4,387.55 USD/t.oz on August 13, 2026, down 0.48% from the previous day. Over the past month, Gold's price has risen 8.22%, and is up 31.53% 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 4459.91 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 4822.58 in 12 months time.



Price Day Month Year Date
Gold 4,387.06 -21.54 -0.49% 8.21% 31.52% Aug/13
Silver 65.03 -0.287 -0.44% 10.87% 71.10% Aug/13
Copper 6.58 -0.0188 -0.28% 3.92% 47.06% Aug/13
Steel 3,002.00 -5.00 -0.17% -2.85% -5.83% Aug/13
Lithium 147,500.00 -500 -0.34% -4.22% 79.88% Aug/13
Platinum 1,739.50 -29.80 -1.68% 5.89% 28.96% Aug/13
Iron Ore 95.09 0.01 0.01% -3.28% -6.80% Aug/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
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
4387.55 4408.60 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Pulls Back Ahead of US PPI Data
Gold slipped below $4,400 an ounce on Thursday after reaching a ten-week high earlier in the session, as investors adopted a cautious stance ahead of US producer inflation data for further insights on recent price trends. Data released Wednesday showed US consumer inflation eased for a second consecutive month to 3.4% in July, while increasing just 0.1% from the previous month. Markets now see around a 40% chance of a 25 basis point rate hike from the Federal Reserve in September, down from nearly 50% a day earlier. Gold also remained under pressure from elevated oil prices as hopes for a deal to reopen the Strait of Hormuz stayed limited. Escalating rhetoric between the US and Iran amid stalled negotiations further reduced expectations for an imminent agreement.
2026-08-13
Gold Holds Firm on Tame US Inflation Data
Gold held above $4,400 an ounce on Thursday, hovering near ten-week highs as relatively stable US consumer inflation reduced pressure on the Federal Reserve to raise interest rates in the near term. Data released Wednesday showed US consumer inflation slowed for a second consecutive month to 3.4% in July, while rising just 0.1% from the previous month. Investors now await producer inflation data due later in the global day for further clues on the trajectory of price pressures. Markets now see around a 40% chance of a 25 basis point rate hike from the Fed in September, down from nearly 50% a day earlier. Gold also drew support from a pullback in oil prices as investors assessed the prospects of a deal to reopen the Strait of Hormuz. However, escalating rhetoric between the US and Iran amid deadlocked negotiations reduced the likelihood of an imminent agreement.
2026-08-13
Gold Rises Toward 10-Week High
Gold rose above $4,420 an ounce on Wednesday, approaching a 10-week high as investors weighed US inflation data, Federal Reserve policy expectations and developments surrounding the Strait of Hormuz. US consumer prices rose broadly in line with forecasts in July, easing concerns over an imminent Fed rate hike. Following last week’s weak jobs report, the softer inflation picture encouraged investors to reduce expectations for a September increase, supporting demand for gold. Geopolitical uncertainty also remained a key driver, with Pakistan’s defense minister saying the US and Iran were “close to some sort of arrangement” to reopen Hormuz, while President Donald Trump claimed the US had “total control” of the waterway. Meanwhile, central-bank buying continued to underpin gold demand. China’s central bank added around 20 tonnes to its reserves in July, marking its 21st consecutive month of purchases. Global central banks bought an estimated 289 tonnes in the second quarter.
2026-08-12