Gold Price Surges to $4,653.05 as Inflation Expectations Rise

The current gold price is $4,653.05 per ounce as of August 24, 2026, at 8:05 a.m. ET. This represents a gain of 1.08%, or $49.53, from the previous close of $4,603.53. Over the past year, gold prices have risen by 38%.

One week ago, gold traded at $4,378.38 per ounce, and one month ago it was at $4,052.66. The current price is 15.06% below its 52-week high of $5,477.79 but 38.28% above its 52-week low of $3,364.94.

The spot price of gold is influenced by inflation expectations, central bank policy, global economic conditions, and investor demand. The XAU/USD ticker symbol tracks the spot price of gold in U.S. dollars.