Gold August (GC=F) futures opened at $4,020.90 this morning, Wednesday, July 29, 2026, down 0.4% compared to Tuesday’s closing price. The price of gold was up this morning to $4,090 as of 8:17 a.m. ET.
For the last two weeks, the price of gold has remained remarkably steady. Even this morning, after the U.S. and Iran reignited attacks against each other, the price of gold continues to hold just under $4,100.
The renewed hostilities end a days-long lull in military action and happened just before the Federal Reserve is set to conclude its two-day rate-setting meeting this afternoon.
The war continues to apply opposing forces to the price of gold. On the one side, continued high oil prices raise the likelihood of higher interest rates this year. On the other side, geopolitical tensions can send investors flocking to gold when stocks and currencies become unpredictable.
Currently, the CME Group’s FedWatch tool says there is a 64.2% chance the Fed will leave rates unchanged, and a 35.8% chance the Fed will raise its target range by 25 basis points.
Keep learning more: Federal Reserve expected to hold rates steady, but Iran war adds tension
Current price of gold
The opening price of gold futures on Wednesday, July 29, 2026, was down 0.4% compared to Tuesday’s closing price. Here’s how the opening gold price has changed versus last week, month, and year:
One week ago: -1.8%
One month ago: -0.9%
One year ago: +21%
For context, 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.
Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.
Considering a gold alternative?
If you’re looking for a gold alternative, Yahoo Finance also tracks the daily price of silver (SI=F) and the daily price of bitcoin (BTC-USD) and ethereum (ETH-USD).
Learn more: Gold alternatives? How to invest in silver, platinum, and palladium.
Ways to invest in gold
There are different ways to invest in gold, and each has pros and cons. Four common options are:
Physical gold
Gold mining stocks
Gold ETFs
Gold futures
Physical gold
Physical gold includes jewelry, gold bars, and gold coins. Some prefer physical gold over other forms because it’s tangible and easy to purchase. You can easily buy a gold necklace at the mall or gold bars at Costco (COST).
Intrigued by Costco’s precious metals offering? Read more here to learn key considerations for precious metals investing, the details of the Costco…
Source: finance.yahoo.com
