Gold Price Today (XAU/USD) – Live Chart & Analysis

Track the live gold price with our real-time XAU/USD chart. Gold is the world’s most widely held reserve asset and a traditional safe-haven investment that investors turn to during periods of economic uncertainty. Below you’ll find comprehensive gold price analysis, historical data, and expert insights.

Live Gold Price Chart

The interactive chart below shows the gold spot price (XAU/USD) in real time. Use the timeframe buttons to view price movements from intraday trading to multi-year trends.

XAU/USD — Live Spot Price

Latest Gold News & Analysis

Stay informed with our latest coverage of the gold market, price movements, central bank activity, and expert analysis.

How to Invest in Gold

Investors have several options for gaining exposure to gold, each with different characteristics, costs, and risk profiles.

Physical Gold

Gold bullion — bars and coins — offers direct ownership of the physical metal. Physical gold requires secure storage and insurance but provides tangible ownership without counterparty risk. Popular options include:

Gold Coins

American Gold Eagles, Canadian Maple Leafs, South African Krugerrands — recognized worldwide with guaranteed purity.

Gold Bars

From established refiners like PAMP Suisse, Valcambi, and Argor-Heraeus. Available from 1 gram to 400 oz (London Good Delivery).

Gold ETFs

Gold exchange-traded funds provide convenient exposure to the gold price without the need for physical storage. These funds hold real gold bullion and trade like stocks on major exchanges:

SPDR Gold Shares (GLD)

The world’s largest gold ETF by assets under management. Launched in 2004.

iShares Gold Trust (IAU)

BlackRock’s gold ETF with a lower expense ratio than GLD.

abrdn Physical Gold (SGOL)

Physically backed, with gold stored in Zurich and London vaults.

SPDR Gold MiniShares (GLDM)

Lower-cost version of GLD, designed for buy-and-hold investors.

Gold Futures

Gold futures contracts trade on the COMEX exchange and allow investors to speculate on future gold prices with leverage. Futures are primarily used by institutional traders and require understanding of contract specifications, margin requirements, and rollover procedures. The standard COMEX gold contract covers 100 troy ounces.

Gold Mining Stocks

Gold mining companies offer leveraged exposure to the gold price. When gold rises, mining company profits typically increase at a faster rate. Major gold miners include:

Newmont Corporation (NEM)

World’s largest gold miner by production volume and market capitalization.

Barrick Gold (GOLD)

Tier-one assets across North America, Africa, and the Middle East.

Agnico Eagle Mines (AEM)

Focused on operations in Canada, Australia, Finland, and Mexico.

Franco-Nevada (FNV)

Royalty and streaming model — gold exposure without direct mining risk.

Mining stocks carry additional risks including energy costs, operational challenges, geopolitical exposure, and management execution.

Gold Savings & Digital Gold

Modern platforms allow fractional gold ownership from as little as $1. Digital gold products are backed by physical bullion stored in insured vaults, offering a convenient entry point for smaller investors without the logistics of physical storage.

Historical Gold Prices

Understanding gold’s price history provides context for current valuations and helps identify long-term trends driven by inflation, geopolitics, and monetary policy cycles.

Gold Price History Chart

XAU/USD — Historical Price (Monthly)

Key Price Milestones

DateEventPrice
January 2026Current all-time high$5,595
December 2025First time above $4,500$4,500+
October 2025Breaks $4,000 milestone$4,381
March 2025Breaks $3,000 for the first time$3,005
October 2024Record high (pre-US election)$2,790
March 2024New all-time high (pre-halving rally)$2,220
August 2020COVID-era all-time high$2,075
September 2011Post-financial-crisis peak$1,921
December 2015Multi-year bear market low$1,050
January 2000Turn of the millennium$283
January 1980Inflation-driven spike$850
August 1999All-time low (modern era)$253

Gold surged approximately 65% in 2025, setting 53 new all-time highs during the year — one of its strongest annual performances since the late 1970s. The rally was driven by central bank buying, trade war fears, and a weaker US dollar.

See also:

Gold Key Statistics

All-Time High
$5,595
2025 Annual Performance
+65%
2025 Global Demand
5,002 tonnes
Central Bank Buying (2025)
863 tonnes
Global Mine Production (2025)
3,672 tonnes
Long-Term Avg. Annual Return
~7.8%

What Drives the Gold Price?

Multiple factors influence gold’s price movements, often simultaneously:

  • Interest rates & monetary policy — Lower real rates reduce the opportunity cost of holding non-yielding gold, boosting demand
  • US dollar strength — Gold is priced in USD; a weaker dollar makes gold cheaper for foreign buyers
  • Inflation expectations — Gold is widely viewed as a hedge against purchasing power erosion
  • Central bank demand — Official-sector purchases exceeded 1,000 tonnes annually in 2022–2024, with 863 tonnes in 2025
  • Geopolitical risk — Wars, trade conflicts, and political instability drive safe-haven flows
  • ETF & investment flows — Gold ETFs added 638 tonnes in 2025, approaching the 2020 peak in total holdings
  • Jewelry & industrial demand — Jewelry accounts for a significant share of physical demand, led by China and India
  • Mine supply dynamics — Global production growth remains constrained at around 1–2% per year

Gold vs Bitcoin — Comparison

FeatureGoldBitcoin
HistoryThousands of yearsSince 2009
Supply~2% annual growth (mining)Fixed cap (21 million)
StoragePhysical vaults, insuredDigital wallets
PortabilityHeavy, requires logisticsInstant digital transfer
DivisibilityLimited (minimum ~1 gram)8 decimal places (satoshi)
VolatilityLow to moderateHigh
Regulatory statusWell establishedEvolving
Central bank holdings~36,200 tonnes globallyNone (some national reserves)

Frequently Asked Questions

Is gold a good investment?
Gold has historically served as a reliable store of value and portfolio diversifier. It tends to perform well during periods of inflation, currency weakness, and geopolitical uncertainty. However, gold produces no income (no dividends or interest), so returns depend entirely on price appreciation. Most financial advisors suggest allocating 5–15% of a portfolio to gold as a hedge.
What is the best way to buy gold?
For most investors, gold ETFs like GLD or IAU offer the simplest entry point — low fees, high liquidity, and no storage concerns. Those who prefer physical ownership can buy coins or bars from reputable dealers. For leveraged exposure, gold mining stocks or futures are options, though both carry additional risks beyond the gold price itself.
Why did gold prices surge so dramatically in 2025?
Gold rose roughly 65% in 2025, driven by a confluence of factors: escalating trade tensions and tariff uncertainty, strong central bank purchases (863 tonnes), record ETF inflows (638 tonnes), expectations of further interest rate cuts, and a weakening US dollar. The metal set 53 new all-time highs during the year.
How is the gold price determined?
The gold spot price is set by global trading activity across the LBMA (London Bullion Market Association), COMEX futures, and OTC markets, operating nearly 24 hours a day. The LBMA Gold Price, published twice daily, serves as the primary benchmark for the physical gold market. Supply-demand dynamics, currency movements, and macroeconomic expectations all influence pricing.
What is the difference between spot gold and gold futures?
The spot price reflects gold’s current market value for immediate delivery. Gold futures are contracts to buy or sell gold at a predetermined price on a future date. Futures prices typically trade at a slight premium to spot (called “contango”) due to storage costs and interest rate differentials.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investing in gold and gold-related products carries risk. Past performance does not guarantee future results.