Commodities
Gold Price Hits $4,474.76 Per Ounce Amid Market Turmoil
The price of gold has reached $4,474.76 per ounce as of August 20, 2026, according to CNBC's Gold/US Dollar Spot Price. This is a slight increase from Wednesday's price of $4,437.49 per ounce at the same time.
Gold is considered a safe-haven asset that investors turn to during economic and political turmoil. It serves as a reliable store of value, a hedge against inflation, and can perform well during market downswings.
Investors can buy physical gold from dealers such as APMEX and JM Bullion, or even from retailers like Costco and Walmart. Gold coins are another popular option, with companies like APMEX and JM Bullion offering various precious metals and affordable shipping.