Gold Price

This chart plots the front-month COMEX gold futures settlement — the benchmark price for physical gold — as a daily close over the last three years, from the source named under the chart. The page refreshes from the live data every hour and shows nothing cached or estimated: the current reading, the change against the observation closest to 90 days back, and that change as a percentage.

Gold pays no interest and no dividend, so its price is set by the opportunity cost of holding it and by the demand for safety. A rising gold price usually means falling real interest rates, a weakening dollar, or investors paying up for an asset that owes them nothing and can default to no one. A falling gold price usually means the opposite — rising real yields or a renewed appetite for risk.

For US markets gold is the counterweight. It tends to draw flows precisely when confidence in financial assets thins, so a persistent rise alongside falling real yields has historically accompanied periods of equity stress. But the relationship is not mechanical: when the driver is a falling dollar, gold and stocks can rise together for months.

The caveats: this is a futures price, not spot — the front-month settlement can diverge briefly around contract rolls. It is a daily close, so intraday spikes do not appear. And gold’s correlation with equities is unstable across regimes — it hedges some crises and sits through others. Nothing on this page is a forecast of where the price goes next.