It's important to know how far gold's price could fall before buying any of these precious metal assets. /iStockphoto . Gold has made some serious waves over the last

After a steep run-up, the precious metal—long considered a hedge in times of distress—has taken a dive. But the selloff may have had more to do with profit-taking than anything else.

As of April 24, 2026, the price of gold is $4,707.96 per ounce. See daily price updates, percentage changes and historical trends for gold at USA TODAY Money.

While gold prices are high by historical measures — though they are down from the over $5,600 per ounce price threshold they hit earlier this year — that headline price can also be misleading. Gold itself may trade in four-digit territory,