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Gold prices today, Monday, July 27, 2026: Gold prices see positive traction as fighting with Iran has paused

Gold (GC=F) August futures opened at $4,097.50 per troy ounce on Monday, July 27, 2026, up 0.7% from Friday's closing price. As of 8:13 a.m. ET, gold was holding steady at $4,098.30.

Gold prices were showing positive traction this morning compared with a day, week, month, and year ago, something that has not happened in months. After two straight weeks of airstrikes, the U.S. and Iran have paused their mutual attacks in order to reestablish diplomacy. As a result, precious metal prices have firmed, and oil prices (BZ=F) have eased about 6% over the last day. The pause also matters because gold often draws demand when investors are looking for a store of value during periods of geopolitical stress, while a drop in oil can help ease a separate source of market pressure.

The economic calendar is crowded this week with major earnings reports and a two-day Federal Reserve meeting that concludes on Wednesday. The CME Group's FedWatch tool is currently pricing in a 66.3% chance that the Fed will leave rates unchanged and a 33.7% chance of a 25-basis-point increase. That makes the meeting a focal point for gold traders, since the metal tends to be more sensitive to borrowing-cost expectations than assets that generate income.

Lower oil prices and a softer dollar (^NYICDX) could give gold some room to breathe unless the Fed raises rates. Higher rates can weigh on gold because the metal does not pay interest.

Read more: The Fed's rate move this week is the hardest to call in years

Current price of gold

The opening price of gold futures on Monday, July 27, 2026, was up 0.7% from Friday's closing price. Here's how the opening price compares with one week, one month, and one year ago:

One week ago: +2.4%

One month ago: +0.5%

One year ago: +22.5%

The last time gold showed positive price moves versus the prior day, week, month, and year was in May. For context, the one-year gain for gold 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.

If you want to learn more about top-performing companies in the gold industry, you can explore a list of those companies using the Yahoo Finance Screener. The screener offers more than 150 different screening criteria.

Gold prices explained

Gold can be quoted in several forms because the metal trades in different ways. The two main prices investors should know are the spot price and gold futures prices.

Learn more: How to invest in gold in 4 steps

The spot price

The spot price of gold is the current market price per ounce for physical gold as a raw material, sometimes called spot gold. Gold ETFs backed by physical gold assets generally track the spot price.

The spot price is lower than what buyers pay for gold coins, bullion, or jewelry, because the final price includes a markup known as the gold premium. That premium covers refining, marketing, dealer overhead, and profits. In other words, the spot price is closer to a wholesale price, while the spot price plus the premium reflects the retail price.

Learn more: Thinking of buying gold? Here's what investors should watch for.

Gold futures

Gold futures are contracts that require a gold transaction at a specific price on a future date. These contracts trade on exchanges and are more liquid than physical gold. They settle on the contract expiration date or earlier, either financially or through delivery.

A financial cash settlement means the contract's profit or loss is paid in cash. Delivery means the seller sends physical gold to the buyer at the agreed price.

Factors that affect gold prices

Supply and demand determine gold spot prices and gold futures prices. Factors that influence gold supply and demand include:

• Geopolitical events
• Central bank buying trends
• Inflation
• Interest rates
• Mining production

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

Price of gold chart

Whether you are tracking the price since last month or last year, the price of gold chart below shows the metal's change in value.

(GC=F)

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