Gold Price Hits $4,371 as Inflation Concerns Persist

The price of gold has seen a significant increase over the past year, reaching $4,371 per ounce as of August 14, 2026. This represents a $1,019 jump from the same time last year and a $24 increase compared to yesterday's price.

Gold is often viewed as a safe-haven asset during times of economic uncertainty, and its value tends to appreciate over time. However, it's essential for investors to be aware that gold prices can fluctuate rapidly due to various market factors.

James Taska, a fee-based financial advisor, notes that owning gold through an exchange-traded fund (ETF) is often more practical than dealing with physical bullion. This allows for easier portfolio rebalancing and reduces the variable spread when buying or selling gold.