Gold was priced at $4,503 per ounce as of 9 a.m. Eastern Time on Thursday, June 4, a $41 increase from the same hour a day earlier and a gain of $1,153 compared with one year ago, according to Fortune's daily price report.
The move represented a 0.92% rise from Wednesday's $4,462 level. Gold remains down 1.34% from one month ago, when the metal traded at $4,564, but is up 34.42% from $3,350 a year earlier. The pullback from January's record highs has left prices consolidating in a range that analysts continue to watch closely.
Other precious metals were mixed at the same reading. Silver traded at $74 per ounce, platinum at $1,897 and palladium at $1,321. Silver's widespread industrial use makes it more sensitive to economic trends than gold, and it typically shows larger intraday price swings.
The report noted that gold has historically lagged stocks over long periods, averaging 7.9% annual returns between 1971 and 2024 compared with 10.7% for equities. Investors continue to treat the metal primarily as a store of value during periods of economic uncertainty rather than as a growth asset.
Market participants are weighing persistent inflation, Federal Reserve interest rate policy and geopolitical tensions in the Middle East as the primary drivers of near-term price direction. Many financial advisers recommend limiting precious metals to a modest share of a diversified portfolio.
Source: Fortune -- https://fortune.com/article/current-price-of-gold-06-04-2026/