Gold futures opened at $4,400 per troy ounce on Monday, their highest opening level since early June, after Friday's disappointing jobs report pushed analysts to pare back rate-hike bets. The metal has climbed 7.8% over the past week and 28% over the past year, with two inflation reports due later this week.
Gold futures for December delivery opened at $4,400 per troy ounce on Monday, August 10, 2026, flat against Friday's close and the metal's highest opening level since early June. By 8:22 a.m. ET, the price had eased to $4,391.50.
The move follows Friday's disappointing employment report, which led many analysts to pare back their expectations of a Federal Reserve rate increase next month.
Negotiations between the U.S. and Iran have not shifted in tone, and President Trump said the U.S. is "low-keying it." Market observers are now watching two inflation reports due later this week, which are expected to show price pressures continuing to mount for Americans.
The metal's opening price is now 7.8% higher than a week ago, 6.7% higher than a month ago, and 28% higher than a year ago. For context, its one-year gain peaked at 95.6% on Jan. 29.
As of 8:54 a.m. ET, gold traded at $4,390.40, down $9.30, or 0.21%, on the day.
Source: Yahoo Finance
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