Gold’s front-month future closed at $4,186.70 on Friday. That is 0.7% lower on the week and 4.6% lower than a month ago. Over the last twelve sessions the closing price has stayed between $4,107.90 and $4,216.30, a range of about 2.6%.
The metal remains well below its highs. Our data show a record close of $5,318.40 on 29 January 2026, which puts today’s level 21.3% under the peak. Mining.com wrote this week that gold has dropped by more than a fifth since the start of the US–Iran war in late February, which fits that picture.
Where the price sits in its range
Over the past 52 weeks, the low was $3,901.30 and the high $5,586.20. Friday’s close is about 7% above the low and 25% below the high. For the year to date, gold is 3.6% lower; versus a year ago it is down 2.7%.
What is pulling in both directions
Lower Treasury yields and a softer dollar normally help gold. Against that, Investing.com’s analysts described a technical test for the metal as Iran war risks collide with uncertainty over the Federal Reserve, and another commentary described the selloff after the US inflation data as a rate-fear overreaction rather than a trend break. These are opinions of the authors, not our forecast.
We will keep tracking the price against its 52-week range and the gold-to-silver ratio on the markets page.