Gold fell below $4,700 an ounce on Monday, extending last week’s losses as attempts to revive US–Iran peace negotiations faltered and the Strait of Hormuz remained effectively closed, heightening concerns over persistent inflationary pressures. US President Donald Trump cancelled a planned trip by top envoys to resume talks with Iran in Islamabad, while Tehran reiterated it would not engage in negotiations under threats or blockade. Meanwhile, oil prices rallied as the Middle East conflict entered its ninth week, triggering what the IEA has characterized as the largest energy supply shock on record. Elevated inflation risks have strengthened expectations that central banks may keep interest rates higher for longer or even tighten further, weighing on non-yielding bullion. The US Federal Reserve is also expected to proceed cautiously, with gradual rate cuts anticipated under incoming Chair Kevin Warsh.

Gold fell to 4,680.70 USD/t.oz on April 27, 2026, down 0.61% from the previous day. Over the past month, Gold's price has risen 3.66%, and is up 40.24% 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 27 of 2026.

Gold fell to 4,680.70 USD/t.oz on April 27, 2026, down 0.61% from the previous day. Over the past month, Gold's price has risen 3.66%, and is up 40.24% 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 4783.86 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 5129.34 in 12 months time.



Price Day Month Year Date
Gold 4,682.11 -27.16 -0.58% 3.70% 40.29% Apr/27
Silver 75.12 -0.514 -0.68% 7.26% 126.85% Apr/27
Copper 6.02 0.0006 0.01% 10.01% 24.11% Apr/27
Steel 3,152.00 17.00 0.54% 0.67% 3.58% Apr/24
Lithium 173,000.00 0 0% 13.44% 147.85% Apr/24
Platinum 2,005.40 -25.00 -1.23% 5.24% 103.22% Apr/27
Iron Ore 107.10 0.04 0.04% 1.02% 7.19% Apr/24



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
4680.70 4709.27 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Falls as US-Iran Talks Break Down
Gold fell below $4,700 an ounce on Monday, extending last week’s losses as attempts to revive US–Iran peace negotiations faltered and the Strait of Hormuz remained effectively closed, heightening concerns over persistent inflationary pressures. US President Donald Trump cancelled a planned trip by top envoys to resume talks with Iran in Islamabad, while Tehran reiterated it would not engage in negotiations under threats or blockade. Meanwhile, oil prices rallied as the Middle East conflict entered its ninth week, triggering what the IEA has characterized as the largest energy supply shock on record. Elevated inflation risks have strengthened expectations that central banks may keep interest rates higher for longer or even tighten further, weighing on non-yielding bullion. The US Federal Reserve is also expected to proceed cautiously, with gradual rate cuts anticipated under incoming Chair Kevin Warsh.
2026-04-26
Gold Rebounds on US-Iran Peace Talk Hopes
Gold prices attempted a recovery on Friday, climbing back above $4,700 per ounce as cautious optimism emerged over potential progress in US-Iran peace negotiations. According to Al-Jazeera, Iranian Foreign Minister Abbas Araghchi is scheduled to arrive in Islamabad on Friday evening, citing Pakistani government sources. These sources indicated a "high likelihood of a breakthrough" in the ongoing talks between the United States and Iran. The visit follows recent Iranian-Pakistani talks on a ceasefire, though uncertainties remain. US President Donald Trump reiterated he wants a "great deal" but is "not in a rush." Still, gold faces an over 2% weekly decline as peace negotiations have shown limited progress so far, and the continued closure of the Strait of Hormuz has driven energy prices higher. Rising inflation risks and potential rate hikes continue to weigh on non-yielding bullion.
2026-04-24
Gold Set for Weekly Decline
Gold held below $4,700 an ounce on Friday and was on track to decline about 3% for the week, as escalating tensions between the US and Iran over the Strait of Hormuz drove energy prices higher and intensified inflation concerns. Both sides have maintained their blockades of the strategic waterway, with peace negotiations showing little progress. President Donald Trump also said in a social media post on Thursday that he had ordered the US Navy to “shoot and kill” vessels laying mines in the strait, while US forces also boarded a supertanker carrying Iranian oil in the Indian Ocean. Meanwhile, the US-Iran ceasefire has been extended indefinitely as Washington awaits a new formal proposal from Tehran, while the truce between Israel and Lebanon has also been prolonged by three weeks. Elevated energy prices have heightened inflation risks and bolstered expectations of potential central bank rate hikes, weighing on the appeal of non-yielding bullion.
2026-04-24