Gold prices today, Friday, August 14, 2026: Gold prices hold above $4,400 on softening inflation

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Gold ( GC=F ) December futures opened at $4,408.20 per troy ounce on Friday, August 14, 2026 , down 0.3% compared to Thursday's closing price. The gold price edged higher this morning to $4,419.60 at 7:54 a.m. ET.

Gold continues to open this week over $4,400 and is currently sporting a monthly gain of over 10% as cooling inflation reports this week have many scaling back expectations of a rate increase by the Fed next month.

According to the most recent figures in the CME Group's FedWatch tool, there is a 69.4% chance the Fed will hold rates steady in September, with 30.6% of economists still expecting an increase. Compare that to one month ago, when 42% expected the Fed to keep rates unchanged in September, 50% expected a 25-basis-point increase, and 8% thought the Fed would raise rates by 50 basis points.

Gold is responding positively to the rising 'no-hike' majority because precious metals do not pay interest.

Learn more: July PPI inflation cools to 4.7%: What it means for the Fed and interest rates

The opening price of August gold futures on Friday, August 14, 2026, was down 0.3% compared to Thursday's opening price. Here's a look at how the gold price has changed versus last week, month, and year:

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.