Commodities
Gold Prices Hit New Highs Amid Inflation and Economic Uncertainty
Gold prices continue to rise, reaching $4,291 per ounce at 8:50 a.m. Eastern Time today. This represents a gain of $14 from yesterday's price at the same hour and is $628 higher than last year.
The current spot price for gold has been driven by inflation and economic uncertainty, with prices up over 25% since early 2025. Gold remains a popular choice for investors seeking diversification and protection against inflation.
James Taska, a fee-based financial advisor, notes that owning gold as an exchange-traded fund (ETF) provides ease of rebalancing and reduced spread when buying or selling.