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Gold prices today, Thursday, August 27, 2026: Prices pull back after PCE report, ahead of Warsh speech

Gold (GC=F) December futures opened at $4,650 per troy ounce on Thursday, August 27, 2026, down 0.1% from Wednesday's closing price. The price of gold later moved higher in early trading, changing hands at $4,648.90 as of 7:59 a.m. ET.

After two consecutive days of opening above $4,700, Thursday's opening price retreated from those levels following Wednesday's latest inflation report, though gold remained up by a double-digit percentage month over month.

The latest reading on inflation, the Federal Reserve's preferred gauge — the Personal Consumption Expenditures (PCE) index — added to the "division within the central bank on whether to raise interest rates" next month, Yahoo Finance's Jen Schonberger wrote. A decision to keep rates unchanged in September could support further gains in gold prices, though the article's focus this morning is on how the report is feeding into the policy debate rather than on any immediate market path.

The Federal Reserve's preferred inflation gauge showed prices remained sticky in July, reinforcing division within the central bank as policymakers gather this week for their annual economic symposium in Jackson Hole, Wyo. While prices remained sticky year over year, month-over-month data pointed to a slower pace of increase, a positive signal for those who are content to hold interest rates steady, though it's unlikely to quiet the hawks.

The Federal Reserve's preferred inflation gauge showed prices remained sticky in July, reinforcing division within the central bank as policymakers gather this week for their annual economic symposium in Jackson Hole, Wyo.

While prices remained sticky year over year, month-over-month data pointed to a slower pace of increase, a positive signal for those who are content to hold interest rates steady, though it's unlikely to quiet the hawks.

Keep reading: Sticky PCE inflation leaves a divided central bank ahead of Fed's Jackson Hole retreat

Current price of gold

The opening price of gold futures on Thursday, August 27, 2026, was down 0.1% from Wednesday's opening price. Here is how the opening gold price compared with one week, one month, and one year earlier:

One week ago: +3.2%

One month ago: +13.7%

One year ago: +36.9%

For context, gold's year-over-year growth was 95.6% on Jan. 29.

24/7 gold price tracking: You can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week.

To learn more about 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 more than 150 different screening criteria.

Gold IRA: What it is, how it works

For investors who are setting aside gold bars for the long term, there may be an opportunity to gain tax advantages in the process. One option is to establish a gold IRA to hold those assets and diversify retirement wealth.

Learn more: How to invest in gold in 4 steps

A gold IRA is a specialized form of self-directed IRA 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 the account complies with IRS restrictions.

Storage: Your gold must be held in an IRS-approved facility.

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. In addition, gold bars must come from approved refiners.

Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA

Price of gold chart

Whether you are tracking the price of gold since last month or last year, the chart below shows the precious metal's value so far this year.

(GC=F)

Gold forecast and tracker: Where will prices land in 2026?

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Who decides what gold is worth? How gold prices are determined.

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6 ways to invest in gold from simple buys to more complex bets

There are several ways to invest in gold. Which is best for you depends on your upfront investment and financial goals. Here are six ways to invest in gold.

How much gold would $1 million buy at different points in history?

If you had $1 million in 1900, you could buy 53,000 ounces of gold. Today, that amount would be worth $278 million. See how gold prices have changed over time.

How to invest in gold in 7 steps

Learn how to invest in gold by considering gold's strengths, historical behavior, and the pros and cons of physical gold versus gold mining stocks and ETFs.