Gold Price Soars to $4,408.73 per Troy Ounce Amid Soft Inflation
The price of gold in the US has seen a significant increase as softer inflation eases Fed rate hike amid Trump-Iran talks. As of August 12, 2026, spot gold was approximately $4,408.73 per troy ounce, having gained by $27.42 or 0.63%. The 24K gold price stood at around $141.74 per gram, with a 30-day gain of 7.84% and a one-year gain of 30.48%, but also down 13.10% in the last six months.
The international market trend has been fluctuating rather than showing any single direction, according to the information provided from the market data. The price of silver gained 0.86% on the day and 10.22% over 30 days.
Gold prices have appreciated by 146.19% in the last five years and 595.37% in the last 20 years, while silver has gained 67.94% in one year but depreciated by 16.32% in six months.