Gold traded around $4,200 per ounce on Friday, as oil prices fell on growing optimism for a US-Iran peace deal. However, bullion remained on track for a second consecutive weekly decline due to expectations of higher interest rates. US President Donald Trump suggested a deal could be reached as early as this weekend, though Tehran stated no final decision had been made. Since the Iran conflict began, gold has faced pressure amid concerns that surging energy costs could drive inflation higher, reinforcing expectations that central banks will maintain elevated interest rates. Supporting this view, the European Central Bank raised interest rates on Thursday for the first time since 2023 and upwardly revised its inflation forecasts for 2026 and 2027. Additionally, US producer prices climbed 6.5% year-over-year in May, underscoring the inflationary impact of the Middle East energy shock and strengthening expectations of a Federal Reserve rate hike this year.

Gold rose to 4,222 USD/t.oz on June 12, 2026, up 0.22% from the previous day. Over the past month, Gold's price has fallen 9.91%, but it is still 22.99% 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 June 13 of 2026.

Gold rose to 4,222 USD/t.oz on June 12, 2026, up 0.22% from the previous day. Over the past month, Gold's price has fallen 9.91%, but it is still 22.99% 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 4355.60 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 4712.13 in 12 months time.



Price Day Month Year Date
Gold 4,222.00 9.25 0.22% -9.91% 22.99% Jun/12
Silver 67.76 0.422 0.63% -22.51% 86.62% Jun/12
Copper 6.43 0.1715 2.74% -3.09% 35.66% Jun/12
Steel 3,152.00 20.00 0.64% -1.90% 7.47% Jun/12
Lithium 170,500.00 4000 2.40% -14.96% 181.12% Jun/12
Platinum 1,712.20 46.50 2.79% -22.08% 41.66% Jun/12
Iron Ore 101.62 0.02 0.02% -8.68% 6.54% Jun/12



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Mar 2026
Russia Gold Reserves 2304.75 2326.52 Tonnes Mar 2026
Italy Gold Reserves 2451.84 2451.87 Tonnes Mar 2026
India Gold Reserves 880.52 880.18 Tonnes Mar 2026
Germany Gold Reserves 3350.25 3350.25 Tonnes Mar 2026
France Gold Reserves 2437.00 2437.00 Tonnes Mar 2026
China Gold Reserves 2313.46 2306.30 Tonnes Mar 2026
United States Inflation Rate 4.20 3.80 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent May 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
4222.00 4212.75 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Heads for Second Weekly Drop
Gold traded around $4,200 per ounce on Friday, as oil prices fell on growing optimism for a US-Iran peace deal. However, bullion remained on track for a second consecutive weekly decline due to expectations of higher interest rates. US President Donald Trump suggested a deal could be reached as early as this weekend, though Tehran stated no final decision had been made. Since the Iran conflict began, gold has faced pressure amid concerns that surging energy costs could drive inflation higher, reinforcing expectations that central banks will maintain elevated interest rates. Supporting this view, the European Central Bank raised interest rates on Thursday for the first time since 2023 and upwardly revised its inflation forecasts for 2026 and 2027. Additionally, US producer prices climbed 6.5% year-over-year in May, underscoring the inflationary impact of the Middle East energy shock and strengthening expectations of a Federal Reserve rate hike this year.
2026-06-12
Gold Holds Gains on Iran Deal Hopes
Gold eased below $4,200 an ounce on Friday but held most of the gains from the previous session, as growing optimism over an imminent peace deal between the US and Iran eased concerns about persistent inflation and potential interest rate hikes. President Donald Trump said a deal with Iran could be reached as early as this weekend after postponing planned attacks and warning that the US could target the country's oil infrastructure. Iran's semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved. Meanwhile, the ECB raised interest rates on Thursday for the first time since 2023 and lifted its inflation forecasts for 2026 and 2027. Data also showed US producer prices climbed 6.5% year-on-year in May, highlighting the inflationary effects of the Middle East energy shock and reinforcing expectations of a Federal Reserve rate increase this year.
2026-06-11
Gold Slips as US PPI Jumps
Gold gave up most of its gains to trade at $4,080 per ounce on Thursday, their lowest level since November 2025, as investors processed fresh US PPI data, the European Central Bank’s rate hike, and intensifying Middle East tensions. US producer prices surged 6.5% year-over-year in May, the highest since November 2022 and above forecasts of 6.4%, underscoring the mounting impact of the energy-price shock from the Strait of Hormuz closure on the US economy. Combined with earlier data showing consumer prices rising at the fastest pace in three years, Thursday’s figures are likely to strengthen calls for the Federal Reserve to raise interest rates in 2026. Meanwhile, the ECB raised interest rates for the first time since 2023 and upwardly revised its inflation forecasts for 2026 and 2027. Adding to geopolitical concerns, US President Trump vowed further strikes on Iran and threatened to take control of its key energy infrastructure, including Kharg Island.
2026-06-11