Gold (GC=F) December futures opened at $4,081.40 per troy ounce on Thursday, October 29, 2026, up 0.7% from Wednesday’s close. The price of gold fell in early trading to $4,040.50 as of 7:04 a.m. ET.
Opening gold prices have ticked higher each day so far this week, but found no traction for significant upward movement after the Fed decided to hold rates steady following its two-day meeting, which concluded yesterday.
The decision was widely anticipated, so focus now shifts back to geopolitical tensions in the Middle East, the continued impact on energy prices, and whether these conditions will prompt the Fed to raise rates again after its December meeting. The CME Group currently lists an 85.6% chance the FOMC will raise rates by 25 basis points before the end of the year.
Learn more: What the Fed’s interest rate decision means for your money
Current price of gold
Gold futures opened up 0.7% on Thursday, October 29, 2026, compared with Wednesday’s open. Here’s a look at how the opening gold price has changed versus last week, month, and year:
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One week ago: -1.9%
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One month ago: -1.7%
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One year ago: +2.9%
For context, gold’s year-over-year growth was 95.6% on Jan. 29.
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.
Price of gold chart
Whether you’re tracking the price of gold since last month or last year, the price of gold chart below shows the precious metal’s value journey so far this year.
4,046.20 -5.40 (-0.13%)
As of 7:13:00 AM EDT. Market Open.
Gold IRA: What it is, how it works
If you are socking gold bars away for a rainy day, there may be an opportunity to earn some tax perks in the process. You could establish a gold IRA to hold those assets and diversify your retirement wealth.
Learn more: How to invest in gold in 4 steps
A gold IRA is a specialty form of self-directed IRA that’s designed for gold and other precious metals.
Gold IRA vs. traditional IRA
The table below compares the main features of standard IRAs and gold IRAs.
IRS restrictions
You must work with a specialty provider that can ensure your account complies with these IRS restrictions:
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Storage: Your gold must be held in an IRS-approved facility.
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Asset types: A gold IRA can hold physical gold, silver, platinum, or palladium — but not all forms of these metals are eligible. For example, gold bullion, silver coins, and bars must meet purity requirements. Additionally, gold bars must come from approved refiners.
Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA
