Gold Price Reaches Record High Amid Market Volatility

The price of gold has reached $4,397 per ounce as of August 18, 2026. This represents a gain of $13 from yesterday's price at the same hour and is $1,054 higher than it was a year ago.

Gold's value can serve as an inflation hedge in times of economic uncertainty, making it a stable addition to a portfolio during market volatility. Historically, gold has appreciated over time, offering investors a reliable store of value.

James Taska, a fee-based financial advisor, notes that owning gold through exchange-traded funds (ETFs) provides ease in rebalancing a client's allocation and reduces the spread when buying or selling.