The setup for August was about as friendly as a gold bull could ask for. Treasury Secretary Scott Bessent said on Aug. 19 that the government would raise the maximum size of each buyback to at least $4 billion from $2 billion, targeting the 10- to 30-year part of the curve, according to Axios. The dollar sagged and bullion took off.

As of September 02, 2026, the price of gold is $4,373.72 per ounce. See updated daily gold price, historical gold price charts, percentage changes and gold trends at USA TODAY Money.

Gold enters September well below its recent price peak, and several factors could determine where prices go next.

The price of gold fell further Monday following its biggest decline in months on Friday, which analysts have attributed to Federal Reserve chair Kevin Warsh’s speech calling for Fed action to cool inflation, as well as renewed tensions with Iran.

Gold bounced from a near ​one-month low on Wednesday as ​the U.S. dollar ​and Treasury yields retreated from recent highs, while investors awaited U.S. payrolls data due later this week for cues on the Federal Reserve's policy path.

Bank says gold reserves held in London could be traded more easily and the move will allow it to respond more rapidly in a ‘crisis situation’

The price of gold has declined since late last week after the metal hit a 15-week high in late August.

Gold's spot price — or its current trading value — today as of 9:00 a.m. ET is $4,335.79 per ounce, according to CNBC's Gold/ US Dollar Spot Price. That's slightly lower than Tuesday's price, when it traded at $4,

Barrick Mining is considering delaying its plan to take its North American gold business public until next year, Bloomberg reported.