Actual
4,350.36
Daily Change
33.02 0.76%
Monthly
-1.32%
Yearly
19.41%
Q3 Forecast
4,370.89
Gold - Summary

Gold rose to around $4,380 an ounce on Friday but was down nearly 1% weekly on the week, its third consecutive weekly loss, as investors digested the latest US inflation data ahead of next week’s Federal Reserve meeting. US inflation held at 3.4% in August, in line with expectations, while monthly CPI rose 0.4%, the strongest increase in three months. Core CPI accelerated to 0.3% month-on-month, its largest gain since April and above expectations of 0.2%, although the annual rate eased to 2.4%, the lowest since March 2021. US producer prices also accelerated in August as the Iran war pushed wholesale energy costs higher, while last week’s labor market data pointed to continued resilience in employment. Markets have increased bets on a 25-basis-point Fed rate hike next week, with the CME FedWatch Tool now showing around an 86% probability, up from roughly 70% before the inflation data.

Gold - Stats

Gold rose to 4,350.36 USD/t.oz on September 11, 2026, up 0.76% from the previous day. Over the past month, Gold's price has fallen 1.32%, but it is still 19.41% 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 September 13 of 2026.

Gold - Forecast

Gold rose to 4,350.36 USD/t.oz on September 11, 2026, up 0.76% from the previous day. Over the past month, Gold's price has fallen 1.32%, but it is still 19.41% 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 4370.89 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 4775.83 in 12 months time.



Price Day Month Year Date
Gold 4,350.36 33.02 0.76% -1.32% 19.41% Sep/11
Silver 64.27 0.717 1.13% -1.62% 52.29% Sep/11
Copper 6.47 0.0025 0.04% -1.93% 41.21% Sep/11
Steel 3,071.00 -24.00 -0.78% 2.13% 0.82% Sep/11
Lithium 142,250.00 -2500 -1.73% -3.89% 96.34% Sep/11
Platinum 1,797.60 -3.50 -0.19% 1.60% 28.71% Sep/11
Iron Ore 98.02 -0.66 -0.67% 3.08% -7.03% Sep/11



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 3.75 3.75 percent Aug 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
4350.36 4317.34 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Heads for Third Weekly Loss as Fed Hike Bets Rise
Gold rose to around $4,380 an ounce on Friday but was down nearly 1% weekly on the week, its third consecutive weekly loss, as investors digested the latest US inflation data ahead of next week’s Federal Reserve meeting. US inflation held at 3.4% in August, in line with expectations, while monthly CPI rose 0.4%, the strongest increase in three months. Core CPI accelerated to 0.3% month-on-month, its largest gain since April and above expectations of 0.2%, although the annual rate eased to 2.4%, the lowest since March 2021. US producer prices also accelerated in August as the Iran war pushed wholesale energy costs higher, while last week’s labor market data pointed to continued resilience in employment. Markets have increased bets on a 25-basis-point Fed rate hike next week, with the CME FedWatch Tool now showing around an 86% probability, up from roughly 70% before the inflation data.
2026-09-11
Gold Rises Ahead of US CPI Data
Gold rose to around $4,350 an ounce on Friday, recouping some losses from the previous session as investors looked ahead to the latest US consumer price index report that could determine whether Federal Reserve will raise interest rates next week. Data released Thursday showed US producer prices accelerated in August as the Iran war pushed wholesale energy costs higher. Markets are now pricing in roughly a 71% probability of a 25-basis-point Fed rate increase next week, up from 61% before the PPI data. Gold also found support from easing oil prices, though the escalating US-Iran conflict fueled concerns over higher inflation. Meanwhile, Treasury yields jumped following lower-than-expected purchases by the US Treasury Department during its first expanded buyback operation. Non-interest-bearing assets such as gold tend to underperform when yields rise. Gold is still on track to lose nearly 2% this week, marking its third straight weekly decline.
2026-09-11
Gold Slides as Strong PPI Fuels Fed Rate Hike Bets
Gold fell to around $4,350 an ounce on Thursday as traders increased bets on a Federal Reserve rate hike next week following stronger-than-expected US producer price data. US PPI rose 0.4% in August, while annual producer inflation accelerated to 5.4%, above the 5.3% forecast, reflecting a surge in energy prices, alongside signs of greater cost pass-through across broader sectors. The data coincided with a fresh rally in oil prices amid escalating US-Iran strikes in the Middle East, prompting investors to price in a more than 70% probability of a Federal Reserve rate hike on September 16. Meanwhile, traders also raised bets on further ECB tightening after the central bank delivered an expected rate hike and warned that inflation risks remained tilted to the upside.
2026-09-10