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 ·Mon, July 6, 2026 at 2:13 PM GMT+2 3 min readGold (GC=F) August futures opened at $4,187.50 per troy ounce on Monday, July 6, 2026, up 1.5% from Thursday's closing price of $4,125.70. As of 8:10 a.m. ET, the price of gold was down to $4,165.80.Gold prices moved upward following the latest jobs report last Thursday. Analysts expected the economy to add well over 100,000 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%.The price of gold had its best opening this Monday morning since June 18. The U.S. Dollar Index fell following last week's jobs report, lowering the opportunity cost of holding assets like gold, silver, and crypto, creating room for precious metal prices to rise.The price of gold is moving back down from its opening price this morning as the dollar regains strength. There's not a ton of economic news out this week, but we'll be monitoring how the latest news and events affect the odds of a rate change following the Fed's meeting later this month. Higher rates will put downward pressure on gold prices.Current price of goldThe opening price of gold futures on Monday, July 6, 2026, was up 1.5% from Friday's closing price. Here's a look at how the opening gold price has changed versus last week, month, and year: For context, the one-year gain for gold 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 prices explainedThe price of gold can be quoted in multiple forms because the precious metal is traded in different ways. The two main gold prices investors should know about are spot prices and gold futures prices.Learn more: How to invest in gold in 4 stepsThe spot priceThe spot price of gold is the current market price per ounce for physical gold as a raw material, sometimes called spot gold. Gold ETFs that are backed by physical gold assets generally track the gold spot price. The spot price is lower than what you'd pay to buy gold coins, bullion, or jewelry, since your total price will include a markup called the gold premium that covers refining, marketing, dealer overhead, and profits. The spot price is more like a wholesale price, and the spot price plus the gold premium is the retail price. Learn more: