Gold prices today, Monday, July 6: Higher prices following Thursday's jobs report

Gold (GC=F) August futures opened astatine $4,187.50 per troy ounce connected Monday, July 6, 2026, up 1.5% from Thursday's closing terms of $4,125.70. As of 8:10 a.m. ET, the terms of golden was down to $4,165.80.

Gold prices moved upward pursuing the latest jobs study past Thursday. Analysts expected the system to adhd good implicit 100,000 jobs past period and the unemployment complaint to stay astatine 4.3% for the 4th consecutive month. However, lone 57,000 caller jobs were added successful June, and the unemployment complaint fell to 4.2%.

The terms of golden had its champion opening this Monday greeting since June 18. The U.S. Dollar Index fell pursuing past week's jobs report, lowering the accidental outgo of holding assets similar gold, silver, and crypto, creating country for precious metallic prices to rise.

The terms of golden is moving backmost down from its opening terms this greeting arsenic the dollar regains strength. There's not a ton of economical quality retired this week, but we'll beryllium monitoring however the latest quality and events impact the likelihood of a complaint alteration pursuing the Fed's gathering aboriginal this month. Higher rates volition enactment downward unit connected golden prices.

Current terms of golden

The opening terms of golden futures connected Monday, July 6, 2026, was up 1.5% from Friday's closing price. Here's a look astatine however the opening golden terms has changed versus past week, month, and year:  

• One week ago: +3.2%

• One period ago: -6.4%

• One twelvemonth ago: +24.6% 

For context, the one-year summation for golden was 95.6% connected Jan. 29.

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Gold prices explained

The terms of golden tin beryllium quoted successful aggregate forms due to the fact that the precious metallic is traded successful antithetic ways. The 2 main golden prices investors should cognize astir are spot prices and golden futures prices.

Learn more: How to put successful golden successful 4 steps

The spot terms

The spot terms of golden is the existent marketplace terms per ounce for carnal golden arsenic a earthy material, sometimes called spot gold. Gold ETFs that are backed by carnal golden assets mostly way the golden spot price. 

The spot terms is little than what you'd wage to bargain golden coins, bullion, oregon jewelry, since your full terms volition see a markup called the golden premium that covers refining, marketing, trader overhead, and profits. The spot terms is much similar a wholesale price, and the spot terms positive the golden premium is the retail price.   

Learn more: Thinking of buying gold? Here's what investors should ticker for.

Gold futures

Gold futures are contracts that mandate a golden transaction astatine a circumstantial terms connected a aboriginal date. These contracts are exchange-traded and much liquid than carnal gold. They settee connected the declaration expiration day oregon earlier, either financially oregon via delivery. A fiscal currency colony involves paying the contract's nett oregon nonaccomplishment successful cash. Delivery means the seller sends carnal golden to the purchaser for the contracted price.

Factors that impact golden prices

Supply and request find golden spot prices and golden futures prices. Factors that power golden proviso and request include:

1. Geopolitical events

2. Central slope buying trends

3. Inflation 

4. Interest rates

5. Mining accumulation

Learn more: Who decides what golden is worth? How prices are determined.

Price of golden illustration

Whether you're tracking the terms since past period oregon past year, the terms of golden illustration beneath shows the precious metal's alteration successful value.