Gold edged higher to $4,750 per ounce on Thursday, as investors weighed the fragility of the US-Iran ceasefire amid escalating Middle East conflict, while the surge in oil prices heightened concerns over energy inflation. The precious metal hovered near its highest level since March 19, supported by a slightly weaker dollar, as traders monitored whether the ceasefire would hold. Key disputes remain unresolved, and the Strait of Hormuz stays closed. US President Donald Trump warned of major escalation if Iran rejects a deal, while Israel’s deadliest attack in Lebanon, killing over 250, prompted Tehran to threaten retaliation. Since the war began on February 28, gold has lost over 11%, as soaring oil prices dampened expectations of US rate cuts in 2026.

Gold rose to 4,768.92 USD/t.oz on April 9, 2026, up 1.02% from the previous day. Over the past month, Gold's price has fallen 8.10%, but it is still 49.54% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on April 9 of 2026.

Gold rose to 4,768.92 USD/t.oz on April 9, 2026, up 1.02% from the previous day. Over the past month, Gold's price has fallen 8.10%, but it is still 49.54% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 4777.20 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5104.78 in 12 months time.



Price Day Month Year Date
Gold 4,769.71 48.77 1.03% -8.08% 49.57% Apr/09
Silver 75.59 1.473 1.99% -14.35% 142.39% Apr/09
Copper 5.74 -0.0202 -0.35% -2.79% 31.63% Apr/09
Steel 3,071.00 -21.00 -0.68% -0.87% -0.07% Apr/09
Lithium 155,750.00 -2750 -1.74% -1.74% 117.07% Apr/09
Platinum 2,119.70 52.20 2.52% -5.13% 131.06% Apr/09
Iron Ore 106.27 -1.56 -1.45% 3.28% 7.29% Apr/09



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Dec 2025
Russia Gold Reserves 2326.52 2329.63 Tonnes Dec 2025
Italy Gold Reserves 2451.87 2451.84 Tonnes Dec 2025
India Gold Reserves 880.18 880.18 Tonnes Dec 2025
Germany Gold Reserves 3350.25 3350.25 Tonnes Dec 2025
France Gold Reserves 2437.00 2437.00 Tonnes Dec 2025
China Gold Reserves 2306.30 2303.50 Tonnes Dec 2025
United States Inflation Rate 2.40 2.40 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026

Gold
Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. It plays a dual role as both an investment and a consumer good, with demand driven by financial markets, jewelry consumption, and industrial use. Gold is primarily traded on the over-the-counter London market, as well as on major exchanges such as the COMEX and the Shanghai Gold Exchange (SGE). Standard futures contracts typically represent 100 troy ounces. Globally, gold demand is led by jewelry consumption, followed by investment demand and a smaller share from industrial applications. On the supply side, China, Australia, the United States, South Africa, Russia, Peru, and Indonesia are among the largest producers. Major consumers of gold jewelry include India, China, the United States, Turkey, Saudi Arabia, Russia, and the United Arab Emirates. Gold prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
4768.92 4720.94 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Rises Slightly Amid Middle East Tensions
Gold edged higher to $4,750 per ounce on Thursday, as investors weighed the fragility of the US-Iran ceasefire amid escalating Middle East conflict, while the surge in oil prices heightened concerns over energy inflation. The precious metal hovered near its highest level since March 19, supported by a slightly weaker dollar, as traders monitored whether the ceasefire would hold. Key disputes remain unresolved, and the Strait of Hormuz stays closed. US President Donald Trump warned of major escalation if Iran rejects a deal, while Israel’s deadliest attack in Lebanon, killing over 250, prompted Tehran to threaten retaliation. Since the war began on February 28, gold has lost over 11%, as soaring oil prices dampened expectations of US rate cuts in 2026.
2026-04-09
Gold Holds Steady After Volatile Trade
Gold steadied near $4,700 per ounce on Thursday following sharp swings in the previous session, as investors assessed a fragile ceasefire in the Middle East amid sporadic fighting and lingering uncertainty over the reopening of the Strait of Hormuz. Iranian media reported that oil tanker transit through the strait had been halted after Israeli strikes on Lebanon, while a senior Iranian official said three provisions of the ceasefire proposal had already been breached. Meanwhile, US Vice President JD Vance said there are indications the strait may begin reopening as he leads a US delegation to Islamabad for direct talks with Iran. Oil prices rebounded slightly and the dollar and bond yields edged higher, maintaining downward pressure on gold. On Wednesday, bullion climbed as much as 3.3% following the ceasefire announcement, before giving up nearly all those gains as investors took profits amid a broader risk-on rally in global equities.
2026-04-08
Gold Pares Most Gains
Gold prices pared most of the earlier gains but remained in positive territory on Wednesday, holding above $4,700 per ounce, as traders continued to assess developments in the Middle East and their implications for the economic and monetary outlook. The US and Iran agreed to a temporary two-week ceasefire, including the reopening of the Strait of Hormuz and a suspension of US military strikes. In response, oil prices plunged, the dollar weakened, and bond yields declined, all of which supported demand for bullion. However, some investors moved to take profits as risk appetite returned to global equity markets. At the same time, caution persisted amid reports of localized airstrikes in the region, underscoring the fragility of the Pakistan-brokered truce. Meanwhile, minutes from the FOMC’s March meeting showed policymakers were concerned that Middle East hostilities could lead to sustained inflation requiring further rate hikes, although they still expected one rate cut this year.
2026-04-08