Gold fell below $4,700 an ounce on Thursday as the dollar held firm and oil prices jumped toward $104 a barrel amid stalled U.S.-Iran peace talks and tensions over the Strait of Hormuz.
Spot gold fell 0.9 percent to $4,699.88 an ounce as the dollar held firm after two days of gains. U.S. gold futures were down 0.8 percent at $4,713.19.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.