Gold prices have tumbled on Monday as the U.S. and Iran vacillate from their respective stances on peace talks while the Strait of Hormuz remains effectively shut, thereby amplifying supply disruption and inflation-related concerns.
Front Month Comex Gold for June month delivery has sharply declined by $54.10 (or 1.14%) to $4,686.80 per troy ounce.
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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.