economy
Current Price of Gold: Aug. 28, 2026
The price of gold stood at $4,608 per ounce as of 6:30 a.m. Eastern Time today. This marks a $19 increase compared to the same time yesterday and a $1,191 jump from a year prior.
TL;DR
- The price of gold is $4,608 per ounce, up $19 from yesterday and $1,191 from a year prior.
- Gold can serve as an inflation hedge and a stable asset during economic uncertainty.
- While equities may outperform in strong economies, gold is a safer bet during instability.
- Investment options include gold bars, coins, jewelry, futures contracts, and ETFs.
- Gold ETFs offer a convenient way to invest and rebalance allocations.
- Other precious metals like silver, platinum, and palladium are also discussed, noting gold's generally lower volatility.
- The spot gold price reflects immediate market demand, with a higher price indicating stronger demand.
- A price spread, the difference between bid and ask prices, indicates market liquidity; a narrower spread suggests higher demand.