Gold (GC=F) August futures opened at $4,176.40 per troy ounce on Tuesday, July 7, 2026, up 0.2% from Monday’s closing price.
The price of gold moved higher this morning to $4,180.30 per troy ounce as of 8:21 a.m
ET. Today was another strong opening price for gold following last week’s employment report, which reduced the likelihood of an upcoming rate increase by the Fed. While there’s still a strong possibility the Fed will raise rates later this year, according to the CME Group’s FedWatch tool, the chances for an increase following the Fed’s end-of-July meeting are currently just 25.1%, creating more room for gold prices to firm.
The chance of a July rate increase last week was 33.1%. Current price of gold The opening price of gold futures on Tuesday was 0.2% higher than Monday’s opening price. Here’s a look at how the opening gold price has changed versus last week, month, and year: – One week ago: +4.3% – One month ago: -6.6% – One year ago: +26.3% The precious metal’s one-year gain 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.