Gold price today, Wednesday, September 23, 2026: Gold holds as investors weigh China, Iran relations

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Gold ( GC=F ) December futures opened at $4,394.70 per troy ounce on Wednesday, September 23, 2026 , up 0.4% from Tuesday's close. Gold moved lower in early trading this morning to $4,352 per troy ounce as of 6:51 a.m. ET.

Gold prices have settled back in the $4,300 range again as investors weigh the latest developments in Iran relations and as President Trump welcomes Chinese leader Xi Jinping to Washington today. This week's U.S.-China summit marks the first time in 11 years the Chinese President has been to Washington, D.C.

Many important issues are on the table for the two world leaders to discuss this week, including trade negotiations, rare earths, AI, and the war in Iran.

Hopes for easing tensions between the U.S. and Iran have been lifted after the two countries met for several hours at the United Nations yesterday, with oil prices responding in kind. Brent crude oil prices ( BZ=F ) are now down to under $96 a barrel, a 9.98% decline over the last five days.

Live updates: Stock market today: Dow, S&P 500, Nasdaq futures muted as oil falls, markets eye looming Trump-Xi meeting

Gold futures opened flat on Wednesday, September 23, 2026 , compared to Tuesday's close. Here's a look at how the opening gold price has changed versus last week, month, and year:

For context, the one-year gain for gold was 95.6% on Jan. 29.