Gold price today, Friday, September 11, 2026: Gold opens at lowest level in over a month ahead of CPI data

On Friday, September 11, 2026, gold futures opened at $4,359.40 per troy ounce, marking a 1.1% decrease from the previous day's closing price. Early morning trading saw the price rise to $4,387.10 per troy ounce. The opening price was the lowest since August 6, occurring just hours before the August Consumer Price Index (CPI) report release.

Analysts anticipate this report to show a 3.4% increase in August prices compared to the previous year. Recent tensions between the U.S. and Iran have led to a surge in oil prices, with diesel reaching over $6 per gallon in the U.S. for the first time. Brent crude oil prices have increased by 8.43% over the last five days and 16.49% over the previous month, reaching over $103 this morning.

Economic forecasts suggest the Federal Reserve may raise interest rates next week, which could limit gold price growth in the near term. The latest CME Group FedWatch tool survey shows 69.4% of respondents now expect rate hikes, up from 62.2% yesterday. Gold's one-year gain stands at 95.6% since January 29.