Gold (GC=F) December futures opened at $4,159 per troy ounce on Thursday, October 22, 2026, up 0.2% from Wednesday’s close. The price of gold fell in early trading to $4,104.30 as of 6:25 a.m. ET.
Gold prices opened this morning just above yesterday’s opening price, but lower than where they started this week. Gold is moving lower in early trading as inflation concerns continue to weigh on the precious metal.
Reports of oil flowing through the Strait of Hormuz and across Saudi Arabia have shown that oil is moving out of these areas, not at pre-war levels, but approaching them, yet continued attacks against shipping vessels in the strait and Houthi attacks against oil infrastructure in Saudi Arabia continue to pressure oil prices higher.
As of 6:30 this morning, Brent crude (BZ=F) prices are over $111 a barrel after hitting a session high of $112.68 earlier today. Analysts believe Iran continues to push energy costs higher ahead of the mid-term elections here in the U.S.
Current price of gold
Gold futures opened up 0.2% on Thursday, October 22, 2026, compared with Wednesday’s open. Here’s a look at how the opening gold price has changed versus last week, month, and year:
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.
Want to learn more about the 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 over 150 different screening criteria.
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.
4,095.60 -54.40 (-1.31%)
As of 6:58:08 AM EDT. Market Open.
