Gold prices slid over 2% to around $4,677 per ounce, snapping a four-day winning streak, as the US dollar and oil prices surged following President Donald Trump’s vow to intensify attacks on Iran. His remarks, confirming the US had "nearly accomplished" its military objectives but offering no end in sight to the month-long conflict, sparked inflation fears and reinforced expectations of higher interest rates. In a Wednesday address, President Trump declared that US forces had "nearly achieved" their objectives in Iran, yet stopped short of providing a timeline for ending the month-long war, instead vowing to hit Iran "extremely hard" in the coming "two to three weeks." On the other hand, Tehran dismissed his assertion that it had sought a ceasefire, reaffirming that the Strait of Hormuz remains firmly under IRGC Navy control. The dollar’s safe-haven rally weighed on dollar-denominated gold, which has now lost 13% of its value since the conflict began on February 28.

Gold fell to 4,677.28 USD/t.oz on April 2, 2026, down 2.26% from the previous day. Over the past month, Gold's price has fallen 8.09%, but it is still 50.26% 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 3 of 2026.

Gold fell to 4,677.28 USD/t.oz on April 2, 2026, down 2.26% from the previous day. Over the past month, Gold's price has fallen 8.09%, but it is still 50.26% 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 4692.38 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 4898.26 in 12 months time.



Price Day Month Year Date
Gold 4,677.28 -107.97 -2.26% -8.09% 50.26% Apr/02
Silver 73.02 -2.063 -2.75% -10.93% 128.88% Apr/02
Copper 5.56 -0.0610 -1.08% -3.65% 15.82% Apr/02
Steel 3,103.00 -2.00 -0.06% 0.62% 0.16% Apr/03
Lithium 158,500.00 -1000 -0.63% 2.92% 118.32% Apr/03
Platinum 1,983.20 -6.50 -0.33% -4.45% 111.95% Apr/02
Iron Ore 107.45 0 0% 7.39% 4.69% Apr/03



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 mostly traded on the OTC London market, the US futures market (COMEX) and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
4677.28 4785.25 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Plunges as Trump’s Iran Stance Lifts Dollar, Rate Hike Fears
Gold prices slid over 2% to around $4,677 per ounce, snapping a four-day winning streak, as the US dollar and oil prices surged following President Donald Trump’s vow to intensify attacks on Iran. His remarks, confirming the US had "nearly accomplished" its military objectives but offering no end in sight to the month-long conflict, sparked inflation fears and reinforced expectations of higher interest rates. In a Wednesday address, President Trump declared that US forces had "nearly achieved" their objectives in Iran, yet stopped short of providing a timeline for ending the month-long war, instead vowing to hit Iran "extremely hard" in the coming "two to three weeks." On the other hand, Tehran dismissed his assertion that it had sought a ceasefire, reaffirming that the Strait of Hormuz remains firmly under IRGC Navy control. The dollar’s safe-haven rally weighed on dollar-denominated gold, which has now lost 13% of its value since the conflict began on February 28.
2026-04-02
Gold Snaps Four-Day Gain
Gold prices slid more than 4% to around $4,580 per ounce on Thursday, ending a four-day gain, as the US dollar rebounded after President Donald Trump offered no definitive timeline for ending the Middle East conflict. In his remarks, Trump said Washington’s core strategic objectives in Iran were approaching completion but also warned that the military campaign could continue with more intense action over the next two to three weeks, a stance that strengthened the US dollar. The greenback has recently emerged as a safe-haven asset, putting pressure on dollar-denominated precious metals. Oil prices also resumed their advance, reinforcing inflation concerns and expectations of tighter monetary policy. Traders have fully priced out the prospect of US rate cuts in 2026, a stark reversal from pre-war expectations of two cuts.
2026-04-02
Gold Hovers at Two-Week High
Gold prices edged above $4,790 per ounce on Thursday, holding onto a four-day gain near a two-week high, supported by a retreat in the US dollar amid hopes for a resolution to the Iran conflict. President Donald Trump appeared to signal a possible end to the US military operation in Iran, with attention now turning to his rare prime-time address later today, after more than a month of conflict. A White House official said he is expected to outline a two- to three-week timeline for concluding the operation. These developments helped oil prices pull back from recent highs and the dollar index retreat from a ten-month peak reached earlier this week. Gold has risen more than 6% so far this week, its largest gain in 10 weeks, as traders reassess the Federal Reserve’s monetary path, weighing the potential de-escalation of geopolitical tensions against renewed growth concerns and inflation worries.
2026-04-02