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Gold prices today, Thursday, August 13, 2026: Gold up nearly 10% month-over-month ahead of PPI report
Thu, August 13, 2026 at 3:05 PM GMT+3 3 min read
Gold (GC=F) December futures opened at $4,468.80 per troy ounce on Thursday, August 13, 2026, flat compared to Wednesday's closing price. The price of gold shifted down some this morning, trading at $4,441.10 as of 7:53 a.m. ET.
Gold opened over $4,400 for the fourth straight day as expectations for a Fed rate hike in September appear to be dissipating. Today's Producer Price Index (PPI) report will give the markets another helpful signal as to the Fed's approach to next month's meeting.
Yahoo Finance Fed Correspondent Jennifer Schonberger said yesterday's cooling CPI report "bolsters the case for the Federal Reserve to wait. It's hard to see them hiking in September now that we've had two back-to-back months of cooling inflation."
Schonberger added that the PPI report today, coupled with the July reports for employment and CPI, will help paint a much clearer picture for September.
"I think there's still question marks about what's going to happen in September based on what we see on PCE numbers, … but at this point it's hard to see them hiking based on the data we have right now."
Watch for more: What the latest CPI data means for the Federal Reserve & rate hikes
Current price of gold
The opening price of gold futures on Thursday, August 13, 2026, was flat compared to Wednesday's opening price. Here's a look at how the opening gold price has changed versus last week, month, and year:
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One week ago: +4%
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One month ago: +9.5%
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One year ago: +33%
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:
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Storage: Your gold must be held in an IRS-approved facility.
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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 )
4,446.90 -20.60 (-0.46%)
As of 8:30:32 AM EDT. Market Open.
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