Is Gold Inexpensive at $4,550 per Ounce?

Written on 05/05/2026
Andrew Hecht

Gold rallied to a new record high in late January 2026 and corrected by over 27%. While gold remains in a long-term bullish trend, the price is consolidating around $4,550 per ounce in early May 2026.Image by allstars via Shutterstock