Gold futures open at lowest in over a month as CPI data looms and rate hike bets rise

By Tim Manni Fri, September 11, 2026 at 4:10 AM PDT · 4 min read

Gold (GC=F) December futures opened at $4,359.40 per troy ounce on Friday, September 11, 2026, down 1.1% from Thursday's closing price. The price of gold is edging upward this morning at $4,387.10 per troy ounce as of 6:53 a.m. ET.

Gold opened this morning at its lowest level since August 6, just hours before the release of the August Consumer Price Index (CPI) report, which analysts expect to show a 3.4% price gain in August compared with the previous year.

Over the last week, escalating tensions between the U.S. and Iran have caused oil prices to surge. In the U.S., diesel prices are now over $6 for the first time in history. Brent crude oil prices (BZ=F) were over $103 this morning, marking an 8.43% increase over the last five days and 16.49% over the last month.

The latest run-up in prices has more economists expecting the Fed to raise rates next week, which would limit gold price growth, at least in the near term. Yesterday, 62.2% expected the Fed to raise rates next week, according to the CME Group's FedWatch tool, compared to this morning, when 69.4% now expect higher rates next week.

Current Price of Gold

The opening price of gold futures on Friday, September 11, 2026, was down 1.1% from Thursday's closing price. Here's a look at how the opening gold price has changed versus last week, month, and year:

• One week ago: -1.6%
• One month ago: -1.1%
• One year ago: +20%

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.

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.

How Much Gold Should You Own?

A gold investment can add stability and inflation protection to your portfolio. But it can also dilute your gains when stock prices are rising quickly. Finding the right balance between gold's diversification benefits and profiting from growth potential in other assets can be challenging.

Even the experts are divided on how to achieve the correct balance. Below, five experts explain their recommended gold allocations, which range from 0% to 20%.

Learn more: How to invest in gold in 4 steps

No Gold: Trade-Off Is Too High

Robert R. Johnson, professor at Creighton University's Heider College of Business, does not advocate gold investing. In his words, "while having a small position in precious metals may dampen portfolio volatility in the short-run, the tradeoff between slightly dampened volatility and the lost long-term return is certainly not a prudent one, particularly for Gen Z/millennials with long investing time horizons."

2% to 5% Allocation, Depending on the Situation

Brett Elliott, director of content and SEO at American Precious Metals Exchange (APMEX), recommends setting an allocation that aligns with your investing goals.

Growth-oriented investors may be comfortable with an allocation of 10% or 15%, according to Elliott. But income investors will prefer a smaller position, because gold provides no yield. A 2% to 5% gold allocation can provide some resiliency without an excessive drag on income potential.

Learn more: Who decides what gold is worth? How gold prices are determined

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