Gold Prices Open at $4,446.90 Amid Ongoing Iran Tensions

On August 11, 2026, gold December futures opened at $4,446.90 per troy ounce, a 0.6% increase from the previous day. As of 7:40 a.m. ET, the price held steady at $4,445.30. This marks the second consecutive day gold prices have remained above $4,400, despite escalating tensions between the U.S. and Iran. Gold has seen significant price increases, with a one-week change of +9.8% and a year-over-year gain of +31.4%. This matters for investors as potential inflation could impact the Fed's rate decisions, affecting gold prices further.