Editor’s note: This page is updated frequently with the most important news on the gold price, including economic news and other key drivers. Please make sure to bookmark this page and check back on a regular basis. June 24, 2020 Update: The gold price climbed to its highest level in almost eight years after passing $1,776 an ounce, but as the day has gone on, the price has fallen into the red. Investors have been concerned about a second wave of the coronavirus, and that has supported the safe haven metal.