Gold Falls $9.83 to $4,333.81 an Ounce, Still Up Over $990 From a Year Ago
Updated
Updated · Fortune · Aug 11
Gold Falls $9.83 to $4,333.81 an Ounce, Still Up Over $990 From a Year Ago
1 articles · Updated · Fortune · Aug 11
Summary
$4,333.81 an ounce was the spot gold price at 10 a.m. ET on Aug. 10, down $9.83 from the previous day.
That pullback comes after a powerful run: gold remains more than $990 above its level a year earlier and has climbed over 25% since the start of 2025.
Ongoing inflation and economic uncertainty have driven demand for gold as a store of value, even as daily spot prices continue to fluctuate with market conditions.
Fortune noted gold has trailed stocks over the long term—7.9% average annual returns from 1971 to 2024 versus 10.7% for the stock market—while still serving as a portfolio hedge in volatile periods.
If stocks historically outperform gold by a wide margin, why are the world's smartest institutions suddenly shifting billions into this non-yielding metal?
With central banks secretly hoarding record amounts of gold, what global economic shock are they preparing for that retail investors are missing?
Could the hidden fees and tax traps in Gold IRAs quietly destroy the very retirement wealth investors are desperately trying to protect?