According to CoinMeta, on August 11, 2026, the price of gold remained above $4,400 due to the deteriorating situation in Iran. On Tuesday, the opening price of December gold futures was $4,446.90 per ounce, up 0.6% from the closing price on Monday. As of 7:40 a.m. Eastern Time, the gold price was held at $4,445.30 per ounce, remaining above $4,400 for a second consecutive day. Despite the increasing stubbornness of the United States and Iran in their respective demands, the chances of ending the months-long war in the short term are diminishing. The current gold price is at the level seen at the beginning of June, and attention will now be focused on two important inflation reports to be released on Wednesday and Thursday.