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Gold (GC=F) December futures opened at $4,043.70 per troy ounce on Wednesday, November 11, 2026, down 2.5% from Tuesday's open. Gold prices are gaining a little ground this morning, rising to $4,055.20 at 7:02 a.m. ET.
Gold prices opened back below $4,100 this morning after yesterday's open marked the first morning in about two weeks that gold prices opened above $4,100.
Following the latest CPI numbers, expectations that the Fed will raise rates after its December meeting have increased sharply. Currently, according to the CME Group's FedWatch tool, there is an 84.5% chance of a 25-basis-point increase next month.
But will a 25-basis-point increase be enough to quell rising prices?
Federal Reserve governor Michelle Bowman said Tuesday that inflation is showing signs of broadening and suggested raising interest rates further to slow the pace of price increases.
"Inflation pressures have persisted for longer than I had hoped and have shown recent signs of broadening," Bowman said in a speech in Washington at the Council on Foreign Relations.
Keep reading: Fed's Bowman says inflation is broadening: 'There's more work to do' on rates
Gold futures opened down 2.5% Wednesday, November 11, 2026, compared to Tuesday's open. Here's a look at how the opening gold price has changed versus last week, month, and year:
For context, gold's one-year gain 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.
Whether you're tracking the price of gold since last month or last year, the price of gold chart below shows the precious metal's change in value.
If you're looking for a gold alternative, Yahoo Finance also tracks the daily price of silver (SI=F) and the daily price of bitcoin (BTC-USD) and ethereum (ETH-USD).
There are different ways to invest in gold, and each has pros and cons. Four common options are:
Physical gold includes jewelry, gold bars, and gold coins. Some prefer physical gold over other forms because it's tangible and easy to purchase. You can easily buy a gold necklace at the mall or gold bars at Costco (COST).
Intrigued by Costco's precious metals offering? Read more here to learn key considerations for precious metals investing, the details of the Costco selection, and tips for managing your new investment.
The advantages of physical gold include:
Readily accessible for use: If you keep your physical gold at home, it is easily available to use as a medium of exchange in an economic emergency.
No added volatility or ongoing fees: If you hold the gold yourself, "you eliminate counterparty risk and storage fees or expense ratios," explained Brett Elliott, director of content and SEO at American Precious Metals Exchange (APMEX). You also avoid the added business volatility associated with gold mining stocks, as explained below.
The disadvantages of physical gold include:
Risk of theft or loss: Physical gold must be properly secured. You can store it at home for free, or invest in third-party…
