Gold (GC=F) August futures opened at $4,234.90 per troy ounce on Friday, June 12, 2026, up 3.4% from Thursday’s opening price. The gold price moved slightly lower this morning to $4,233.90 at 7:03 a.m. ET.
Gold prices rebounded nicely this morning compared to yesterday after President Trump claimed the U.S. had ended the war with Iran. According to reports, both sides are still reviewing a 14-point deal that aims to reopen the Strait of Hormuz, among other provisions. The president says a deal could be signed as soon as this weekend.
But investors should remain cautious, as one analyst warns against getting caught up in the headlines. He suggests investors need to focus on what Iran is saying and doing, not President Trump.
“After more than 30 similar announcements over the past couple of months, investors have become increasingly cautious about taking such signals at face value,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “Gold traders appear to be taking the same view: forget what Trump says and focus instead on what the Iranians do.”
Current price of gold
The opening price of August gold futures on Friday was up 3.4% compared to Thursday’s opening price. Here’s a look at how the gold price has changed versus last week, month, and year:
One week ago: -5.3%
One month ago: -11.1%
One year ago: +25.9%
On Jan. 29, gold’s one-year gain was 95.6%.
24/7 gold price tracking: Don’t forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.
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How much gold should you own?
A gold investment can add stability and inflation protection to your portfolio. But it can also dilute your gains when stock prices are rising quickly. Finding the right balance between gold’s diversification benefits and profiting from growth potential in other assets can be challenging.
Even the experts are divided on how to achieve the correct balance. Below, five experts explain their recommended gold allocations, which range from 0% to 20%.
Learn more: How to invest in gold in 4 steps
No gold: Trade-off is too high
Robert R. Johnson, professor at Creighton University’s Heider College of Business, does not advocate gold investing. In his words, “while having a small position in precious metals may dampen portfolio volatility in the short-run, the tradeoff between slightly dampened volatility and the lost long-term return is certainly not a prudent one, particularly for Gen Z/millennials with long investing time horizons.”
2% to 5% allocation, depending on the situation
Brett Elliott, director of content and SEO at American Precious Metals Exchange (APMEX), recommends setting an allocation…
Source: finance.yahoo.com
