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Updated on: September 1, 2026 / 8:30 AM EDT / CBS News

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Gold has, for centuries, been an attractive commodity. Not only is the precious metal viewed as a form of currency, but it's considered an attractive investment commodity as well. That's especially the case when market or economic uncertainty hits. In fact, gold is typically viewed as a safe-haven asset and inflation hedge.

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And, physical gold, like gold bars and coins, has historically held its value, making it a smart bet for many investors. That said, the price of gold can and will fluctuate in the short term, so it's important to keep an eye on these changes if you want to buy gold at the right time.

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Ready to get started? Find out how gold investing can benefit you here.

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As of September 1, 2026, the price of gold is $4,369.19 per ounce, according to Priority Gold. While that figure represents the market's assessment of the precious metal's current value, it's important to note that gold prices are subject to constant fluctuations due to a variety of factors.

Original source: https://www.cbsnews.com/moneywatch/

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