Gold (GC=F) August futures opened at $4,049.20 per troy ounce on Thursday, July 2, 2026, down 0.8% from Wednesday’s closing price. The price of gold moved up this morning, trading at $4,140.90 as of 9:44 a.m. ET.
Gold prices broke above $4,100 today following the weaker-than-expected June jobs report. Analysts expected the economy to add 115,000 jobs last month and the unemployment rate to remain at 4.3% for the fourth consecutive month. However, only 57,000 new jobs were added in June, and the unemployment rate fell to 4.2%
New Fed Chair Kevin Warsh spoke at the European Central Bank’s forum yesterday, addressing inflation, among other topics. Warsh noted that inflation expectations and risks have come down, leading many to expect the Fed will not be in any rush to raise interest rates following its meeting this month. According to the CME Group’s FedWatch tool, there’s currently less than a 30% chance the Fed raises interest rates on July 29.
Higher interest rates tend to dull gold prices since the precious metal is a non-yielding asset.
Current price of gold
The opening price of gold futures on Thursday, July 2, 2026, was down 0.8% from Wednesday’s close. 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: +1.5%
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One month ago: -9.8%
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One year ago: +21.6%
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.
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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
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.