Mining
What drives the gold price?
World Gold brief based on reporting byMining.com.au
Reported by Mining.com.au: “What drives the gold price?”. Gold settled at $4,498 an ounce on August 31, 2026 — $144.62 per gram, +0.45% on the day.
Changes in production, costs and reserves affect future metal availability. The impact is slower than rates or the dollar, but material for the long-term supply balance.
- mine output
- production costs
- capital expenditure
- recycling
- production guidance
- producer AISC
- new projects and permits
Methodology and transparency
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.