As of May 29, 2026 at 09:20 AM EDT, the live Gold spot price for 1 ounce of Gold in U.S. dollars (USD) is $4,520.45, 1 gram of Gold is $145.33 and 1 kilogram of Gold is $145,334.10. Gold spot price can fluctuate by the second, driven by investment supply and demand, and other factors.
Gold Spot Prices
Gold Price | Price | Change |
Gold Price Per Ounce | $4,520.45 | −$140.45 |
Gold Price Per Gram | $145.33 | −$4.51 |
Gold Price Per Kilo | $145,334.10 | −$4,515.20 |
Live Metal Spot Prices (24 Hours) Last Updated: 05/29/2026 at 11:51 AM EDT
The current gold price on May 29, 2026 is moving sharply lower in early U.S. trading. Front-month Gold futures (GCM6) last changed hands around $4,544.85 per ounce, down roughly 3.0% (−$140.45) from the previous close of $4,685.30. The gold spot price per ounce on May 29, 2026 is tracking just beneath that level near $4,520, with the day’s range running between $4,515.95 and $4,670.00.
Current Gold Spot Price – May 29, 2026 at a Glance
For anyone tracking the current gold spot price on May 29, 2026, here is where the market stands intraday:
- Gold price May 29, 2026 (USD per ounce): ~$4,520.45 spot / $4,544.85 futures
- Previous close: $4,685.30
- Open: $4,655.40
- Day’s range: $4,515.95 – $4,670.00
- 52-week range: $3,235.30 – $5,626.80
- 1-year change: approximately +40.9%
Despite today’s pullback, the gold price rally of 2026 across the precious metals market remains historically strong. Even after the recent correction, gold is still up more than 40% over the trailing twelve months and sits within striking distance of its January 2026 all-time high of $5,589 per ounce.
What’s Driving the Gold Price Today
Several gold price drivers in May 2026 are converging to push the metal lower in this session. Understanding these forces helps explain why the gold price May 29, 2026 current reading sits well off its recent peaks.
1. Rising U.S. Treasury Yields
The single biggest headwind for gold today is the move higher in U.S. Treasury yields. The U.S. 10-year yield jumped to 4.59% (+2.98%), the 30-year climbed to 5.121%, and the 5-year rose to 4.256%. Because gold is a non-yielding asset, higher real yields raise the opportunity cost of holding it. As longer-dated Treasury yields rise, “lesser demand” sentiment tends to weigh directly on the price of gold, and that relationship is playing out clearly in today’s tape.
2. A Firmer U.S. Dollar
The U.S. Dollar Index firmed to 99.225 (+0.50%). A stronger dollar makes dollar-priced gold more expensive for overseas buyers, adding another layer of pressure on the gold spot price on May 29, 2026.
3. Fading Fed Rate-Cut Expectations
Markets have steadily repriced the Federal Reserve’s path. Fed funds futures have moved toward pricing in far fewer cuts for 2026 than the three that were expected at the start of the year, with the year-end policy rate now widely expected to stay elevated. Higher-for-longer rate expectations reduce gold’s appeal as an alternative to interest-bearing assets.
4. Technical Breakdown and Momentum Selling
From a chart perspective, gold has slipped into a near-term downtrend. The metal recently coiled in a tight trading range before breaking lower, and momentum indicators have turned bearish — the Relative Strength Index has dropped deep into oversold territory during this leg down. Technical strategists have flagged the $4,540–$4,492 zone as a critical support cluster; a sustained break below it opens the door toward the $4,400 region, while a hold could set up a stabilization. On Investing.com’s technical summary, the daily, hourly and 5-hour signals all read Strong Sell, though the monthly signal remains Strong Buy, underscoring how the long-term uptrend is still intact beneath the short-term weakness.
5. Risk-On Rotation in Equities
A broader risk appetite has also pulled some safe-haven flows away from bullion. An AI-led rally has supported global equity sentiment in recent sessions, and although major U.S. indices are softer today, the rotation into growth and technology names through May has reduced defensive demand for gold.
Gold Price Rally 2026: The Bigger Picture
While today’s session is firmly in the red, the structural gold price rally of 2026 has not unwound. Total gold demand in Q1 2026 reached a record in value terms, and central banks remained net buyers, net-purchasing 244 tonnes in the first quarter — up 3% year-over-year. Bar and coin demand also surged.
This is why many institutional forecasters continue to target the $5,000+ region over the medium term, viewing the current move as a correction within a larger bull market rather than a trend reversal. The reasons behind May’s pullback — higher yields, a firmer dollar, and repriced Fed expectations — are seen as cyclical rather than structural.
Gold Spot Price May 29, 2026: Key Levels to Watch
Level Type | Price Zone |
Immediate support | $4,492 – $4,540 |
Next downside target | ~$4,400 |
Near-term resistance | $4,576 – $4,646 |
Major upside reference | $4,700+ |
Traders watching the gold spot price per ounce on May 29, 2026 should keep a close eye on whether the metal can hold the $4,492–$4,540 support band. A decisive close back above $4,576 would ease the immediate bearish pressure, while a break below $4,492 risks accelerating the decline.
What This Means for Natural Resource and Gold Mining Stocks
Today’s bullion weakness is rippling through the gold mining complex. Newmont (NEM) was among the day’s notable decliners, down more than 6% in the session, reflecting the leveraged sensitivity that miners typically have to the underlying metal price. For investors in natural resource stocks, sessions like this are a reminder that mining equities often amplify both gold’s upswings and its corrections. Long-term holders continue to weigh today’s volatility against gold’s powerful multi-year trend and the still-supportive backdrop of central bank buying.
Frequently Asked Questions
What is the current gold price on May 29, 2026?
The current gold spot price on May 29, 2026 is approximately $4,520.45 per ounce, with front-month futures near $4,544.85, down about 3% on the day.
What is the gold price May 29, 2026 in USD per ounce?
Gold is trading at roughly $4,520 per ounce on the spot market and $4,544.85 in front-month futures as of midday EDT.
Why is the gold price falling today?
The main gold price drivers in May 2026 today are rising U.S. Treasury yields, a stronger U.S. dollar, reduced Fed rate-cut expectations, a bearish technical breakdown, and a risk-on rotation into equities.
Is the gold price rally of 2026 over?
The current move appears to be a correction rather than the end of the trend. Gold is still up more than 40% year-over-year, central banks remain net buyers, and many forecasters still target the $5,000+ region.
