A golf club head having a center of gravity located at a point close to the face and the sole is disclosed herein. In particular, the golf club head comprises a hollow body including a weight lip and face component, and the weight lip extends from the sole inside the body towards the face component without making contact with the face component. The golf club head is preferably a wood-type or hybrid-type golf club head. In other embodiments, the golf club head comprises a weight bar disposed within the hollow body proximate the face component, and the weight bar bridges at least a portion of the sole. The weight bar may be movable within the hollow body to allow for center of gravity adjustment.