Gold (XAU) Price Today — Live Chart and Analysis
Gold (XAU/USD) moves inversely to the dollar and real Treasury yields - it rises when inflation erodes bond returns and falls when rate expectations tighten. Central banks bought over 1,000 tonnes for the third straight year in 2025.
Buy price
4,174.04
Sell price
4,173.76
Price Performance
Information regarding past performance is not a reliable indicator of future performance.
Analysis
Gold hit an all-time high of $5,589 per ounce on January 28, 2026, capping a 65% surge through 2025 as central banks bought at record pace, the dollar weakened, and geopolitical tensions ran hot. The rally then reversed sharply. By May 2026, gold had pulled back roughly 16% from that peak to around $4,694 - the selloff triggered by the Iran conflict ironically hurting gold as surging oil prices pushed US inflation to 3.8% in April, raised Treasury yields, and strengthened the dollar - all headwinds for the metal. None of the structural drivers have changed.
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