Gold August (GC=F) futures opened at $4,106.50 this morning, Wednesday, July 8, 2026, down 1.2% in comparison with Tuesday’s closing worth. The worth of gold is falling this morning, transferring all the way down to $4,077.80 as of 8:20 a.m. ET.
“For me, I feel it is over,” mentioned President Trump, referring to the ceasefire with Iran, on Wednesday on the NATO summit. “So far as I am involved it is only a waste of time.”
The president’s feedback have been made shortly after the U.S. launched airstrikes on Iran and pulled the waiver that will have allowed Iran to promote their oil. The strikes have been in response to current Iranian assaults on ships within the essential Strait of Hormuz. The state of the U.S.-Iran ceasefire and a everlasting peace settlement at the moment are in critical jeopardy, sending gold costs decrease and oil costs increased, reigniting inflation and oil availability considerations worldwide.
Read extra: Trump Says US Ceasefire With Iran Is ‘Over’ After Strikes
Present worth of gold
The opening worth of gold futures on Wednesday was down 1.2% in comparison with Tuesday’s opening worth. Here is how the opening gold worth has modified versus final week, month, and yr:
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One week in the past: +2.3%
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One month in the past: -5%
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One yr in the past: +23.3%
For context, on Jan. 29, gold’s one-year achieve was 95.6%.
24/7 gold worth monitoring: Do not forget you may monitor the present worth of gold on Yahoo Finance 24 hours a day, seven days every week.
Wish to study extra about the present top-performing firms within the gold business? Discover a listing of the top-performing firms within the gold business utilizing the Yahoo Finance Screener. You possibly can create your personal screeners with over 150 totally different screening standards.
Contemplating a gold various?
When you’re on the lookout for a gold various, Yahoo Finance additionally tracks the every day worth of silver (SI=F) and the every day worth of bitcoin (BTC-USD) and ethereum (ETH-USD).
Study extra: Gold options? The best way to put money into silver, platinum, and palladium.
Methods to put money into gold
There are alternative ways to put money into gold, and every has execs and cons. 4 widespread choices are:
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Bodily gold
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Gold mining shares
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Gold ETFs
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Gold futures
Bodily gold
Bodily gold consists of jewellery, gold bars, and gold cash. Some desire bodily gold over different types as a result of it is tangible and straightforward to buy. You possibly can simply purchase a gold necklace on the mall or gold bars at Costco (COST).
Intrigued by Costco’s treasured metals providing? Learn extra right here to study key issues for treasured metals investing, the small print of the Costco choice, and ideas for managing your new funding.
Bodily gold execs and cons
Some great benefits of bodily gold embrace:
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Readily accessible to be used: When you maintain your bodily gold at house, it’s simply accessible to make use of as a medium of change in an financial emergency.
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No added volatility or ongoing charges: When you maintain the gold your self, “you get rid of counterparty threat and storage charges or expense ratios,” defined Brett Elliott, director of content material and search engine marketing at American Treasured Metals Alternate (APMEX). You additionally keep away from the added enterprise volatility related to gold mining shares, as defined under.
Study extra: Take a deeper dive into the gold sector
The disadvantages of bodily gold embrace:
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Threat of theft or loss: Bodily gold should be correctly secured. You possibly can retailer it at house free of charge, or put money into third-party storage and insurance coverage. Do not forget that charges related to storage or insurance coverage dilute your returns.
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Decrease liquidity: Bodily gold is much less liquid — that’s, tougher to promote rapidly — than shares or ETFs. Additionally, in case you are not utilizing the gold as a medium of change, you should discover a supplier and pay a markup on the sale.
Study extra: The best way to put money into gold in 4 steps
Gold mining shares
Gold mining shares are fairness positions in gold miners. They are often risky as a result of their income are tied to gold costs, plus these firms are closely uncovered to “geopolitical dangers and administration dangers” in accordance with Vince Stanzione, CEO and founder at monetary writer First Info. To handle the volatility, many traders desire diversified gold mining funds over particular person mining shares.
Gold mining shares execs and cons
Some great benefits of gold mining shares embrace:
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Higher liquidity: Giant-cap gold mining shares like Barrick Gold Company (B) and Franco-Nevada Company (FNV) typically get pleasure from a slender bid-ask unfold, which is an indication of liquidity. The bid-ask unfold is the distinction between what patrons can pay and what sellers will settle for.
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No storage necessities: Shares stay in your brokerage account and don’t devour bodily house. In regular instances, this is a bonus. In an financial disaster, this may very well be a drawback if brokers or the inventory market are quickly shut down.
Study extra: The highest-performing firms within the gold business
The disadvantages of proudly owning gold mining shares embrace:
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Higher volatility: “Gold investing via gold mining firms provides one other layer of threat,” defined Thomas Winmill, portfolio supervisor at mutual fund firm Midas Funds. From 2000 to 2020, gold mining shares have risen and fallen sooner than gold spot costs. Lately, gold mining shares have trended down as gold spot costs have gained worth.
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No utility as a medium of change: Gold mining shares can admire, however they don’t have any direct utility as a medium of change.
Study extra: Who decides what gold is value? How gold costs are decided.
Gold ETFs
Gold ETFs are funds that observe the worth of gold. They’ll put money into bodily gold shops, gold mining shares, gold futures, or some mixture of those. The biggest gold ETF by way of complete belongings is SPDR Gold Shares (GLD), which is backed by bodily gold saved in vaults.
Gold ETFs execs and cons
Some great benefits of Gold ETFs embrace:
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Straightforward to retailer: Like gold mining shares, ETF shares are digital belongings with no storage necessities.
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Higher liquidity: Shares of the most well-liked gold ETFs, like SPDR Gold Shares (GLD) and iShares Gold Belief (IAU), are closely traded. Regular demand makes them simple to promote.
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Tied on to gold costs: ETFs backed by bodily gold observe the spot worth of gold, which is normally much less risky than gold mining shares or gold mining ETFs.
Study extra: Gold IRA: Advantages, dangers, and the way it differs from a conventional IRA
The disadvantages of gold ETFs embrace:
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Fund charges: Funds cost charges, which dilute returns over time. For context, the expense ratio of SPDR Gold Shares is 0.40%. This interprets to $4 in charges yearly for each $1,000 invested.
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No utility as a medium of change: As with gold mining shares, you most likely can’t use ETF shares to commerce for meals in an financial emergency.
Gold futures
Gold futures are standardized contracts to buy gold on a future date at a particular worth. The contracts typically characterize 100 troy ounces. In accordance with Stanzione, amongst gold investing choices, gold futures carry “the very best threat and are greatest left to skilled merchants.”
Study extra: Gold options? The best way to put money into silver, platinum, and palladium.
Gold futures execs and cons
Some great benefits of gold futures are:
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Leverage: You possibly can management a considerable amount of gold with a low capital outlay.
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Comfort: You needn’t retailer bodily gold to earn from its worth modifications.
The disadvantages of investing in gold futures are:
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Threat: Leverage amplifies positive factors and losses. That is at all times dangerous, however particularly so with an unpredictable asset like gold.
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Complexity: The complexity of futures contracts may be off-putting to many retail traders.
Study extra: Considering of shopping for gold? Here is what traders ought to look ahead to.
Worth of gold chart
Whether or not you are monitoring the worth of gold since final month or final yr, the price-of-gold chart under exhibits the dear metallic’s worth journey up to now this yr.
