Gold price today, Friday, September 11, 2026: Gold opens at lowest level in over a month ahead of CPI data

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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.

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:

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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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%.

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.

Blake McLaughlin, executive vice president at Axcap Ventures, said historical data support a gold allocation of 5% to 8%. "Gold may not offer the outsized return potential of private investments, but the metal holds a set of attributes that are increasingly hard to ignore," according to McLaughlin. Those attributes include the metal's resilience amid economic uncertainty and geopolitical unrest.

Thomas Winmill, portfolio manager at Midas Funds, believes most investors will benefit from a long-term gold allocation of 5% to 15%. Winmill specifically advocates investing in gold mining companies through a mutual fund.

Your risk tolerance and current mix of financial versus hard assets can guide you to an appropriate allocation, according to Winmill.

Risk tolerance: Keep your allocation percentage low if you tend to panic in volatile cycles.

Financial vs. hard assets: Financial assets are stocks and bonds. Hard assets include tangible items like real estate, gold, collectibles, classic cars, and equipment. If you have no home equity and your wealth is primarily in financial assets, you can set your gold allocation higher. Or, if your home is paid for and more valuable than your stock portfolio, gold investing may not be necessary.

Vince Stanzione, CEO and founder at First Information, recommends a 20% gold allocation, specifically in physical gold or a gold ETF. Stanzione argues for a higher exposure to gold as a wealth protection strategy. As he says, "gold keeps with inflation and gold retains its purchasing power," while paper currencies are devaluing around the world.

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 so far this year.

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