Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure. Gold (GC=F) December futures opened at $4,391.40 per troy ounce on Wednesday, August 19, 2026, down 0.7% from Tuesday's closing price.
The price of gold is up this morning at $4,479.90 per troy ounce as of 8:53 a.m. Gold opened lower Wednesday morning but rose in early trading as the U.S. dollar and Treasury yields pulled back slightly. Dollar Index (DX-Y.NYB) was down 0.2%, while the benchmark CBOE Interest Rate 10 Year T No (^TNX) declined 0.4%.
The 10-year yield still remains near its 12-month high, achieved on July 31. Weakness in the U.S. dollar precedes the release of the FOMC's minutes from the July meeting. Investors will evaluate the minutes for hints on the Fed's short-term outlook for interest rates.
That outlook is complicated by the ongoing conflict in the Middle East driving inflation risk, coupled with recent softness in retail sales. CME FedWatch estimates a 67.4% probability that the Fed will not change interest rates at the September meeting. A rate increase pressures the gold price by making yield-bearing assets look more attractive in comparison.
The opposite is also true. Gold has gained more than 10% over the last three weeks as rate-hike expectations have declined. The opening price of gold futures on Wednesday, August 19, 2026, was down 0.7% from Tuesday's closing price.
Here's a look at how the opening gold price has changed versus last week, month, and year: For context, the one-year gain for gold 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.
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