Gold prices slightly extended gains on Friday, rising more than 1% to above $4,850 per ounce, as investors reacted to news that the Strait of Hormuz will remain fully open to commercial shipping during the 10-day ceasefire between Israel and Lebanon. However, vessels are required to transit through a “coordinated route,” according to Iran’s maritime authorities, a condition reiterated by the country’s foreign minister. The announcement triggered a sharp drop in oil prices which fell more than 10%, helping to ease inflationary pressures, at least in the short term. Despite the improved sentiment, the broader situation remains fragile. US President Trump stated that the US naval blockade “will remain in full force” until a comprehensive agreement is reached. Gold is now on track to end the week 0.8% higher, marking a fourth consecutive weekly gain, supported by expectations that a more lasting US–Iran agreement could reduce inflation risks and limit the need for central bank tightening.

Gold rose to 4,833.56 USD/t.oz on April 17, 2026, up 0.94% from the previous day. Over the past month, Gold's price has risen 0.29%, and is up 40.74% compared to the same time last year, 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 19 of 2026.

Gold rose to 4,833.56 USD/t.oz on April 17, 2026, up 0.94% from the previous day. Over the past month, Gold's price has risen 0.29%, and is up 40.74% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 4919.42 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 5271.00 in 12 months time.



Price Day Month Year Date
Gold 4,833.56 45.04 0.94% 0.29% 40.74% Apr/17
Silver 80.76 2.347 2.99% 7.19% 146.68% Apr/17
Copper 6.10 0.0370 0.61% 9.89% 32.62% Apr/17
Steel 3,097.00 -6.00 -0.19% -1.28% 2.45% Apr/17
Lithium 169,500.00 2000 1.19% 9.00% 137.23% Apr/17
Platinum 2,141.70 29.50 1.40% 4.14% 123.40% Apr/17
Iron Ore 106.85 -0.26 -0.24% 1.24% 6.94% Apr/17



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 3.30 2.40 percent Mar 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
4833.56 4788.52 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Prices Edge Up After Iran's Announcement
Gold prices slightly extended gains on Friday, rising more than 1% to above $4,850 per ounce, as investors reacted to news that the Strait of Hormuz will remain fully open to commercial shipping during the 10-day ceasefire between Israel and Lebanon. However, vessels are required to transit through a “coordinated route,” according to Iran’s maritime authorities, a condition reiterated by the country’s foreign minister. The announcement triggered a sharp drop in oil prices which fell more than 10%, helping to ease inflationary pressures, at least in the short term. Despite the improved sentiment, the broader situation remains fragile. US President Trump stated that the US naval blockade “will remain in full force” until a comprehensive agreement is reached. Gold is now on track to end the week 0.8% higher, marking a fourth consecutive weekly gain, supported by expectations that a more lasting US–Iran agreement could reduce inflation risks and limit the need for central bank tightening.
2026-04-17
Gold is up by 2%
Gold increased 2% to 4884.16 USD/t.oz
2026-04-17
Gold Hits 4-week High
Gold increased to 4878.00 USD/t.oz, the highest since March 2026. Over the past 4 weeks, Gold gained 0.93%, and in the last 12 months, it increased 41.64%.
2026-04-17