Gold (GC=F) August futures opened at $4,135.40 per troy ounce on Friday, July 10, 2026, up 1.2% from Thursday’s opening price. The gold price moved slightly lower this morning to $4,115.10 at 8:00 a.m. ET.
Gold prices opened higher this morning, reversing a trend of opening lower each day so far this week. Today’s opening price for gold is 1.2% higher than Thursday’s opening price, but still 1.2% lower than where prices began this week.
Gold spent much of the week falling because the U.S. and Iran reengaged in military conflict this week, sending oil prices higher and putting a permanent peace deal with Iran in real jeopardy. Oil prices (BZ=F) are currently up 7.1% over the last five days, putting rising inflation back at the forefront of Fed discussions.
Despite these renewed inflation worries, there is just a 25.1% chance the Fed will raise rates following their two-day meeting at the end of July. That percentage jumps to nearly 50% following their September meeting, according to the latest percentages in the CME Group’s FedWatch tool.
Current price of gold
The opening price of August gold futures on Friday was 1.2% higher 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: +1.7%
One month ago: -1.5%
One year ago: +24.4%
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.
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…
Source: finance.yahoo.com
