Gold (GC=F) December futures opened at $4,324.40 per troy ounce on Thursday, September 24, 2026, up just 0.1% compared to Wednesday’s closing price. The price of gold fell this morning, trading at $4,293.20 as of 7:04 a.m. ET.
Multiple factors are pressuring gold prices lower this morning, and most of them stem from mounting inflation concerns.
A rising dollar index (DX-Y.NYB), Treasury yields at their highest levels since 2007, stalling negotiations between the U.S. and Iran, President Trump’s comments earlier in the week that he could “annihilate” Iran, Brent crude (BZ=F) prices over $104 this morning, hawkish comments from Fed policymakers, and reports that the U.S. is considering a diesel export ban all have contributed to the rising expectation that the Fed isn’t done raising rates this year to help control rising prices driven by this swirl of market influences.
Gold’s current year-over-year price gain of 13.9% is the smallest margin we have seen since tracking gold prices for more than one year. Gold prices and oil prices have had an inverse relationship since the war in Iran began, and that diverging price relationship is expected to continue.
Learn more: Track the history of gold prices here
Current price of gold
The opening price of gold futures on Thursday, September 24, 2026, was up 0.1% compared to Wednesday’s opening price. Here’s a look at how the opening gold price has changed versus last week, month, and year:
For context, gold’s year-over-year growth was 95.6% on Jan. 29.
24/7 gold price tracking: Don’t forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Gold IRA: What it is, how it works
If you are socking gold bars away for a rainy day, there may be an opportunity to earn some tax perks in the process. You could establish a gold IRA to hold those assets and diversify your retirement wealth.
Learn more: How to invest in gold in 4 steps
A gold IRA is a specialty form of self-directed IRA that’s designed for gold and other precious metals.
Gold IRA vs. traditional IRA
The table below compares the main features of standard IRAs and gold IRAs.
IRS restrictions
You must work with a specialty provider that can ensure your account complies with these IRS restrictions:
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Storage: Your gold must be held in an IRS-approved facility.
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Asset types: A gold IRA can hold physical gold, silver, platinum, or palladium — but not all forms of these metals are eligible. For example, gold bullion, silver coins, and bars must meet purity requirements. Additionally, gold bars must come from approved refiners.
Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA
Price of gold chart
Whether you’re tracking the price of gold since last month or last year, the price of gold chart below shows the precious metal’s value journey so far this year.
