Gold stabilizes as Iran negotiations are underway

admin June 23, 2026

Gold (GC=F) August futures opened at $4,163.90 per troy ounce on Monday, down 1.9% from Friday’s closing price of $4,245.90. Gold moved back up over the $4,200 mark in early trading, rising to $4,224.50 by 8:20 a.m. ET.

Gold prices opened lower this morning but moved back up to the level last seen at Friday’s closing. Negotiations with Iran got underway this weekend. Although relations were somewhat touch-and-go over the last couple of days, talks toward permanent peace still appear to be progressing forward.

Yahoo Finance reported this morning:

There has been “encouraging progress” in peace talks with the US in Switzerland, Iran said on Monday, with an agreed roadmap to sealing a final deal within 60 days. That eased some nerves over President Trump’s threat of strikes on Iran if Tehran doesn’t rein in Hezbollah’s actions against Israel.

Keep reading: S&P 500, Nasdaq, Dow futures muted with peace talks, AI demand in focus

Later this week, the Fed’s preferred gauge of inflation, the Personal Consumption Expenditures price index, will be released, shedding more light on inflation’s impact in May. Increased inflation concerns only elevate the chances the Fed will raise rates later this year. Higher interest rates tend to be a headwind for gold prices.

Current price of gold

The opening price of gold futures on Monday was down 1.9% from Friday’s closing price. Here’s a look at how the opening gold price has changed versus last week, month, and year:

One week ago: -2.5%
One month ago: -7.9%
One year ago: +24.3%

For context, the one-year gain for gold 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.

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Gold prices explained

The price of gold can be quoted in multiple forms because the precious metal is traded in different ways. The two main gold prices investors should know about are spot prices and gold futures prices.

Learn more: How to invest in gold in 4 steps

The spot price

The spot price of gold is the current market price per ounce for physical gold as a raw material, sometimes called spot gold. Gold ETFs that are backed by physical gold assets generally track the gold spot price.

The spot price is lower than what you’d pay to buy gold coins, bullion, or jewelry, since your total price will include a markup called the gold premium that covers refining, marketing, dealer overhead, and profits. The spot price is more like a wholesale price, and the spot price plus the gold premium is the retail price.

Learn more: Thinking of buying gold? Here’s what investors should watch for.

Gold futures

Gold futures are contracts that mandate a gold transaction at a specific price on a future date. These contracts are exchange-traded and more liquid than physical gold. They settle on the contract expiration date or earlier, either financially or via delivery. A financial cash settlement involves paying the contract’s profit or loss in cash. Delivery means the seller sends physical gold to the buyer for the contracted price.