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 ( 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.

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:

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.

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.

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

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

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

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

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.

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.

Gold forecast and tracker: Where will prices land in 2026?

How high will gold go in 2026? See live gold prices, expert predictions about gold performance, and learn whether gold will reach $6,000.

Gold price outlook: Could prices hit $6,000 in 2026?

Gold prices have skyrocketed in recent years, but how high can they go next? Here are the boldest predictions for how gold will perform.

Who decides what gold is worth? How gold prices are determined.

The two primary gold prices investors should know are spot prices and gold futures prices. Learn the difference, the historical price of gold, and the current dynamics.

6 ways to invest in gold from simple buys to more complex bets

There are several ways to invest in gold. Which is best for you depends on your up-front investment and financial goals. Here are the top six ways to invest in gold.

Learn how to invest in gold by considering gold's strengths, historical behavior, and the pros and cons of physical gold versus gold mining stocks and ETFs.

Gold has been on a run all year. Here's how to avoid a tax hit.

Gold just hit $5,300 — but selling could cost you. Learn how the IRS taxes physical gold, ETFs, and mining stocks, plus smart strategies to legally reduce your tax bill.