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Gold (GC=F) December futures opened at $4,650 per troy ounce on Thursday, August 27, 2026, down just 0.1% compared to Wednesday's closing price. The price of gold moved back up this morning, trading at $4,648.90 as of 7:59 a.m. ET.

After two straight days of opening above $4,700, this morning's opening gold price pulled back from those levels after yesterday's latest inflation report, but is holding at a double-digit month-over-month increase.

The latest look at inflation, the Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE), only amplified the "division within the central bank on whether to raise interest rates" next month, wrote Yahoo Finance's Jen Schonberger. A decision to hold rates steady in September could lead to even more growth in gold prices:

The Federal Reserve's preferred inflation gauge showed prices remained sticky in July, reinforcing division within the central bank on whether to raise interest rates as policymakers gather this week for their annual economic symposium in Jackson Hole, Wyo.

While prices remained sticky year over year, month-over-month data pointed to a slower pace of increase, a positive signal for those who are content to hold interest rates steady, though it's unlikely to quiet the hawks.

Keep reading: Sticky PCE inflation leaves a divided central bank ahead of Fed's Jackson Hole retreat

The opening price of gold futures on Thursday, August 27, 2026, was down 0.1% 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.

Learn more: How to invest in gold in 4 steps

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.

Source: Read the original article on finance.yahoo.com

Additional coverage from finance.yahoo.com:

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Silver (SI=F) September futures opened at $68.09 per ounce on Thursday, August 27, 2026, up 0.1% from Wednesday's closing price. Silver prices inched higher this morning, reaching $68.99 as of 8:17 a.m. ET.

Silver prices opened in the $68 range yet again this morning following yesterday's inflation report.

The Personal Consumption Expenditures (PCE) report, the Fed's preferred inflation gauge, showed price growth on both a monthly and yearly basis, largely in line with analysts' expectations. But despite meeting expectations, the report did little to quell the division within the Federal Reserve on what should happen with interest rates next month.

Silver investors, much like everyone else, now have their attention squarely focused on Fed Chair Kevin Warsh's first official speech as leader of the Federal Reserve Friday at the Fed's Jackson Hole summit. Observers are hoping for more clues as to whether the Fed will raise or hold rates steady in September.

Keep reading: Sticky PCE inflation leaves a divided central bank ahead of Fed's Jackson Hole retreat

The opening price of silver futures on Thursday, August 27, 2026, was 0.1% higher compared to Wednesday's closing price. Here's how today's opening silver price has changed versus last week, month, and year:

For context, silver's year-over-year growth was 173.3% on May 14.

24/7 silver price tracking: Don't forget you can monitor the current price of silver on Yahoo Finance 24 hours a day, seven days a week.

Want to learn more about the current top-performing companies in the silver industry? Explore a list of the top-performing companies in the silver industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria.

Precious metals are in high demand. Although gold has historically been the headlining investment metal, silver, platinum, and palladium are quickly becoming popular portfolio diversifiers. Here are three easy, action-oriented steps to help you start investing in these precious metals:

1. Learn the risks, growth drivers, and purposes

Keep reading to learn more: How to invest in silver, platinum, and palladium

Whether you're tracking the price of silver since last month or last year, the price-of-silver chart below shows the precious metal's value journey so far this year. 

More silver coverage from the Yahoo Finance team: