Skip to navigationSkip to main contentADVERTISEMENTSome offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.Tim Manni · Lead EditorThu, June 11, 2026 at 12:46 PM GMT+2 3 min readGold (GC=F) August futures opened at $4,094.40 per troy ounce on Thursday, June 11, 2026, down 0.9% from Wednesday's close of $4,133.30. The price of gold is moving up some this morning, trading at $4,110.20 as of 6:41 a.m. ET.The price of gold opened below $4,100 for the first time since November 2025 following additional U.S. airstrikes against Iran yesterday evening, as President Trump has grown frustrated over the lack of progress on peace negotiations. Wednesday’s strikes come a day after the U.S. launched military attacks following Iran's downing of a U.S. helicopter.The latest escalation likely means the Strait of Hormuz will remain closed for the foreseeable future, keeping upward pressure on energy prices in the U.S. and around the globe. Yesterday’s CPI report revealed a 4.2% year-over-year increase in prices, the highest level since 2023, with energy prices, of course, being the main driver.Inflation pressures will keep rate increases at the forefront of Fed discussions for many months to come. Rising interest rates only tend to suppress gold demand and pricing.Current price of goldThe opening price of gold futures on Thursday, June 11, 2026, was down 0.9% from Wednesday's close. Here's a look at how the opening gold price has changed versus last week, month, and year: Year-over-year price growth fell again this morning, marking the lowest gain in over a year. 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 worksIf 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 stepsA gold IRA is a specialty form of self-directed IRA that's designed for gold and other precious metals.Gold IRA vs. traditional IRAThe table below compares the main features of standard IRAs and gold IRAs.IRS restrictionsYou must work with a specialty provider that can ensure your account complies with these IRS restrictions:Storage: Your gold must be held in an IRS-approved facility.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 IRAPrice of gold chartWhether 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.