Gold prices today, Thursday, August 27, 2026: Prices pull back after PCE report, ahead of Warsh speech

On Thursday, August 27, 2026, gold prices experienced a slight pullback after the release of the Personal Consumption Expenditures (PCE) inflation report. The December gold futures opened at $4,650 per troy ounce, marking a minor decline of 0.1% from Wednesday's closing price. However, the price of gold rebounded throughout the morning, reaching $4,648.90 as of 7:59 a.m. ET.

This opening price was lower than the previous two days, which had both started above $4,700. The PCE data added to the ongoing tension within the Federal Reserve regarding whether to raise interest rates next month. The stickiness of prices in both annual and monthly data suggests that policymakers may decide to maintain the current rate levels for the time being.