Gold price today, Thursday, September 3, 2026: Gold moves higher on hopes that Iran war reescalation will be short-lived

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Gold price today, Thursday, September 3, 2026: Gold moves higher on hopes that Iran war reescalation will be short-lived

Tim Manni ·

Thu, September 3, 2026 at 2:04 PM GMT+3 2 min read

Gold (GC=F) December futures opened at $4,436.40 per troy ounce on Thursday, September 3, 2026, up 0.5% compared to Wednesday's closing price. The price of gold moved higher this morning, trading at $4,470.70 as of 6:53 a.m. ET.

On Wednesday, President Trump said the U.S. carried out a "very heavy attack" against Iran but also stated that the attack wouldn't take "too long." Traders took that as a hopeful signal that this latest military reescalation in Iran will be short-lived.

While the hopeful sentiment has helped lift gold prices this morning, Brent crude is currently priced at over $97 a barrel, as both Iran and the U.S. continue to seek control over the Strait of Hormuz.

Watch for more: Why Goldman Sachs still expects a gold rally this year

Current price of gold

The opening price of gold futures on Thursday, September 3, 2026, was up 0.5% compared to Wednesday's opening price. Here's a look at how the opening gold price has changed versus last week, month, and year:

• One week ago: -3.8%

• One month ago: +8.6%

• One year ago: +24.8%

For context, gold's year-over-year growth 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.

Gold IRA: What it is, how it works

If you are socking gold bars away for a rainy day, there may be an opportunity to earn some tax perks in the process. You could establish a gold IRA to hold those assets and diversify your retirement wealth.

Learn more: How to invest in gold in 4 steps

A gold IRA is a specialty form of self-directed IRA that's designed for gold and other precious metals.

Gold IRA vs. traditional IRA

The table below compares the main features of standard IRAs and gold IRAs.

IRS restrictions

You must work with a specialty provider that can ensure your account complies with these IRS restrictions:

1. Storage: Your gold must be held in an IRS-approved facility.

2. Asset types: A gold IRA can hold physical gold, silver, platinum, or palladium — but not all forms of these metals are eligible. For example, gold bullion, silver coins, and bars must meet purity requirements. Additionally, gold bars must come from approved refiners.

Learn more: Gold IRA: Benefits, risks, and how it differs from a traditional IRA

Price of gold chart

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 value journey so far this year.

(GC=F )

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4,523.80 +109.20 (+2.47%)

As of 9:30:49 AM EDT. Market Open.

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