Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 8:17 am ET, was $2,657 per ounce. That’s up 0.34% from yesterday’s gold price of $2,649.

In fact, gold is typically viewed as a safe-haven asset and inflation hedge. The price of gold, like any other financial asset, is influenced by a complex interplay of supply and demand dynamics ...