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Gold Prices Today: February 20, 2026

Money Magazine
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⚡ Quantum Brief
Gold futures dipped 0.36% to $5,168.65 per troy ounce on February 23, 2026, reversing slight gains from the prior day’s close of $5,187.36. Despite the daily decline, gold has surged 5.36% over the past five days, extending a two-year rally where it outperformed the S&P 500 with gains of 28% in 2024 and 65% in 2025. Analysts emphasize gold’s role as a long-term hedge against inflation, market volatility, and falling interest rates, recommending a 5–10% portfolio allocation for diversification. Investment options include physical gold (via IRAs or dealers), gold-backed ETFs, mutual funds, or mining stocks like AngloGold Ashanti, which offer dividend potential alongside price appreciation. Experts remain bullish on gold’s 2026 outlook, citing sustained demand as a safe-haven asset amid economic uncertainty.
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Gold Prices Today: February 20, 2026 By: Jordan Chussler Jordan Chussler Editor, Investing & Banking | Joined June 2023 Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. He combines his personal and professional interests in finance and education to help readers increase their financial literacy and make better investment choices. Has also written: Gold Prices Today: February 20, 2026 Congress Stock Tracker: Here's What the Most Active Traders Bought to Start 2026 Crypto Crash: Here's Why Bitcoin's Price Has Plummeted (and When It Could Rebound) 'Mag 7' Stocks Aren't So Magnificent Now.

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Is It Too Late to Invest? See full bio Published: Feb 23, 2026 3 min read Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services. Money; Getty Images Today’s gold prices see the precious metal move down from yesterday. Here are today’s gold futures prices and a quick snapshot of where gold was yesterday, as well as overall trends: Gold futures open today, Feb. 23: $5,168.65 per per troy ounce Gold futures closed yesterday, Feb. 22: $5,187.36 per troy ounce Percent change: Down 0.36% Last five-day change: Gold has increased 5.36% in the last five days. Note: These prices fluctuate during the day. Must ReadExperts are Bullish on Gold — Here's How to Get InGold 2026 Outlook: Here's What Experts PredictWarren Buffett on Market Volatility — and 3 Ways You Can Take Advantage Gold as part of your portfolio Gold has historically underperformed the stock market. However, over the past two years, the tables have turned. In both 2024 and 2025, the precious metal gained 28% and 65%, respectively. Over the same period, the S&P 500 gained 25% and 18%, respectively. But gold should not be viewed as part of a short-term strategy. Rather, it has made its name as a buy-and-hold asset. (See Money’s guide to how to buy gold for more detail.) Because of its weak correlation with the stock market, over time gold has served as a hedge, insulating portfolios against inflation, market volatility and falling interest rates. For long-term investors who are looking to diversify their holdings, allocating between 5% and 10% of their capital to alternative investments — including safe-have assets like gold — can help reduce overall portfolio risk while providing supplemental upside potential to traditional equity investments. Must ReadExperts are Bullish on Gold — Here's How to Get InGold 2026 Outlook: Here's What Experts PredictWarren Buffett on Market Volatility — and 3 Ways You Can Take Advantage How to invest in gold For those interested in adding gold to their portfolios, there are a number of pathways to achieve that. Physical gold ownership can complement a retirement savings plan through gold IRAs — we vet the best ones monthly, which you can read here. Money has also carefully scrutinized numerous online gold dealers that provide free and insured shipping, buyback commitments and secure storage at IRS-approved depositories. But investing in gold does not require ownership of the physical metal. Investors who are more comfortable with equity markets can gain exposure through gold exchange-traded funds (ETFs) and mutual funds. While gold-backed ETFs and physical gold do not generate yield, the stocks of some gold mining companies pay dividends. Investing in companies — such as AngloGold Ashanti, for example — can provide investors with gold’s appreciation potential as well as income.

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