GOLD— Gold Price
COMEX Gold Futures · per troy ounce · Live
Chart
What Moves the Gold Price
Gold has no earnings - its price is set by these forces:
Inflation hedge
Investors buy gold to protect purchasing power.
The US dollar
Gold usually moves inverse to the dollar.
Real interest rates
Higher real yields make non-paying gold less attractive.
Safe-haven demand
Fear and crisis send money into gold.
About Gold
What drives the price of gold?
Because gold pays no interest or dividends, its price is driven by what it is measured against. A weaker US dollar and lower real interest rates make gold more attractive; a stronger dollar and higher real yields do the opposite. Layer in inflation fears and safe-haven demand during crises, and you have the core of every gold move.
Gold vs the US dollar
Gold and the US Dollar Index tend to move in opposite directions. When the dollar weakens, gold priced in dollars becomes cheaper for the rest of the world, boosting demand - and vice-versa.
Gold vs interest rates
Gold’s biggest competitor is the “risk-free” yield on Treasuries. When the 10-year yield rises (after inflation), holding non-yielding gold costs more in forgone interest, which usually caps its price. Falling real rates are gold’s best friend.
Frequently Asked Questions
What is the price of gold today?
As of September 12, 2026, gold is trading around $4,366.20 per troy ounce, up 0.04% on the day. The price on this page updates in real time during market hours.
What moves the gold price?
Four big forces: the US dollar (gold usually moves inverse to it), real interest rates (higher real yields make non-yielding gold less attractive), inflation expectations, and safe-haven demand during crises. Central bank buying and jewelry/industrial demand matter too.
Is gold a good inflation hedge?
Over long periods gold has broadly held its purchasing power, which is why it is seen as an inflation hedge. Over shorter windows it can lag - especially when real interest rates rise - so it protects against currency debasement better than against every inflationary episode.
Why does gold go up when the dollar falls?
Gold is priced in dollars, so a weaker dollar makes gold cheaper for buyers using other currencies, lifting demand and the price. A stronger dollar does the reverse. That inverse link is one of the most reliable relationships in markets.
How can I invest in gold?
Common routes are physical gold (coins/bars), gold ETFs such as GLD or IAU, gold-mining stocks, and futures. Each has different costs and risks - ETFs are the simplest for most investors, while miners add company-specific and leverage risk.
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Data via Yahoo Finance (COMEX GC=F, continuous), updated in real time during market hours. For informational purposes only - not financial advice.