Gold Futures – COMEX

Gold price for the COMEX benchmark contract, traded on the New York Mercantile Exchange.

Gold futures traded on COMEX are the world's leading benchmark for gold prices, widely used as a reference by investors and central banks.

Current value
USD / troy oz
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Last updated
Ticker
GC=F
Exchange
COMEX
Currency
USD
Unit
USD / troy oz

Price history

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Historical performance

Period Performance
Today
1 month
1 year
5 years

Calculated live from Yahoo Finance closing prices (unofficial public proxy) — may be temporarily unavailable or delayed.

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Key facts

Quotation unit1 troy ounce (≈ 31.1035 grams)
StatusSafe-haven asset and central bank reserve
Main holdersCentral banks, physically-backed ETFs, individual investors
Main producing countriesChina, Russia, Australia, Canada
Typical correlationOften inverse to the US dollar and real interest rates
MarketTraded continuously across several exchanges (COMEX, London, Shanghai)
Standard troy ounce: 31.1035 grams End of the US gold standard in 1971 (end of dollar-gold convertibility) Used as a foreign exchange reserve by nearly all central banks

What is "the gold price"?

The gold price quoted here corresponds to the futures contract traded on the COMEX in New York, expressed in dollars per troy ounce (about 31.1 grams). It is the most widely followed global benchmark, alongside the London fixing (London Bullion Market) used by physical market participants (jewelers, central banks, refiners).

How do I invest in gold?

Individual investors can hold physical gold (coins, bars), or more simply physically-backed ETFs that track its price without the burden of storage. More active investors use futures or CFDs (leveraged, higher-risk products), and some gain indirect exposure through shares of gold mining companies.

Why is gold considered a safe-haven asset?

Unlike a currency, gold cannot be created at will by a central bank, which has historically made it a perceived hedge against inflation and monetary instability. Demand for it typically rises during periods of geopolitical or economic uncertainty, and its price often moves inversely to the US dollar and real interest rates: when rates fall, holding gold (which pays no interest) becomes relatively more attractive.

Price and chart data fetched live from Yahoo Finance via an unofficial public proxy: it may be delayed, temporarily unavailable or inaccurate. Nothing on this page constitutes investment advice.