Gold Price in US Dollar (USD)
Real-time gold price in US Dollar (USD): live XAU/USD spot from LBMA via Swissquote, gram and ounce conversion, market drivers. Updated every minute • 2026-06-05.
- Updated
- Real-time LBMA & ECN data
- AI-curated from 50+ feeds
As of October 26, 2023, the gold price in US Dollars is approximately $1,980 per troy ounce. This is based on the standard 31.1035 g per troy ounce conversion, with data sourced from LBMA via Swissquote ECN. The USD remains a key benchmark for global gold trading.
31.1035Key Facts
- Currency
- US Dollar (USD, $)
- Region
- Americas
- Quote symbol
- XAU/USD
- Unit basis
- 1 troy ounce = 31.1035 g
- Source
- LBMA AM/PM fix via Swissquote ECN
- Last refresh
- 2026-06-05
What this means
The US Dollar's strength often has an inverse relationship with gold prices. When the dollar strengthens, gold typically becomes more expensive for holders of other currencies, potentially reducing demand and lowering its dollar-denominated price.
Conversely, a weaker US Dollar can make gold more attractive to international buyers, as it becomes cheaper in their local currencies. This increased demand can drive up the dollar price of gold.
Geopolitical and economic uncertainty frequently leads investors to seek safe-haven assets like gold. During such times, even if the US Dollar is strong, gold's appeal as a store of value can sometimes override the typical currency correlation.
USD as the Primary Pricing Currency. Gold is predominantly priced in US Dollars globally. This means fluctuations in the USD's exchange rate directly impact the perceived value of gold for non-dollar economies. A stronger dollar can suppress gold prices, while a weaker dollar can inflate them.
Federal Reserve Policy Influence. Decisions by the US Federal Reserve, particularly concerning interest rates, significantly influence the dollar's strength and, consequently, gold. Higher interest rates tend to strengthen the dollar and make non-yielding gold less attractive, potentially lowering its price.
Inflationary Hedge Dynamics. Gold is often viewed as a hedge against inflation. When US inflation rises, the purchasing power of the dollar erodes. Investors may then turn to gold to preserve wealth, often leading to an increase in its dollar price as the dollar weakens.
Frequently Asked Questions
How does the strength of the US Dollar affect the price of gold?
Generally, a stronger US Dollar makes gold more expensive for buyers using other currencies, which can decrease demand and lower the dollar price of gold. Conversely, a weaker dollar can make gold cheaper internationally, potentially increasing demand and raising its dollar price.What is the relationship between US inflation and the gold price in USD?
Gold is often seen as an inflation hedge. When US inflation rises, the purchasing power of the dollar decreases. Investors may buy gold to preserve wealth, which can drive up its price in US Dollars as the dollar's value falls.How do US interest rate changes impact the gold price in USD?
When the US Federal Reserve raises interest rates, it typically strengthens the US Dollar and makes interest-bearing assets more attractive than non-yielding gold, often leading to a decrease in the dollar price of gold.Why is gold primarily priced in US Dollars?
The US Dollar's status as the world's primary reserve currency and its widespread use in international trade and finance have led to gold being predominantly priced and traded in USD, making it the global benchmark.