Gold Price Hits $4,589 as Inflation Concerns Continue
The price of gold has continued its upward trend, reaching $4,589 per ounce as of August 27, 2026. This represents a decrease of $26 from yesterday's price and an increase of over $1,190 compared to the same time last year.
Gold remains a popular choice for investors looking to diversify their portfolios and hedge against inflation. While it has historically outperformed stocks in times of economic uncertainty, its returns have been lower than those of stocks in periods of economic strength. The average annual return for gold between 1971 and 2024 was 7.9%, compared to 10.7% for stocks.
Investors can buy gold through various methods, including exchange-traded funds (ETFs), physical bars and coins, and futures contracts. James Taska, a fee-based financial advisor, notes that owning gold as an ETF makes it easier to rebalance a client's allocation and reduces the spread when buying or selling.