Gold (GC=F) December futures opened at $4,109.60 per troy ounce on Tuesday, August 4, 2026, up 0.5% from Monday’s closing price.
The price of gold moved higher this morning to $4,136.30 per troy ounce as of 8:03 a.m
ET. The opening price of gold continues to hold above $4,100 this week, and the precious metal continues to gain value in early trading, despite inflammatory comments from President Trump. While the president hopes his comments will accelerate a deal to reopen the Strait of Hormuz, they could prolong the war and raise energy costs even further: “I want to give them every last chance before decapitation,” Trump told reporters on Monday. “You’ll find out today or tomorrow.
I mean, they’re going to go quickly, one way or the other. It’s not very complex.” This is a “last chance” for Iran to come to an agreement, the president said, after he called off what he described as a major attack on the Islamic Republic over the weekend that would have likely involved Israel. Current price of gold The opening price of gold futures on Tuesday, August 4, 2026, was 0.5% higher than Monday’s opening price.