Gold prices traded lower on Friday as U.S.-Iran peace talks showed little progress and the Strait of Hormuz remained effectively closed, sending oil prices soaring to $107 a barrel.
Spot gold slipped 0.2 percent to $4,685.70 an ounce and was down about 3 percent for the week. U.S. gold futures were down 0.3 percent at $4,683.02.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.