Extending the losses from yesterday's session, gold prices have tumbled on Tuesday after the U.S. administration's reluctance to accept Iran's peace plan diminished the expectations of a solution to the gulf crisis. While Iran is working on revising its proposal, the Strait of Hormuz continues to remain blocked.
Front Month Comex Gold for June month delivery has slumped by $91.20 (or 1.94%) to $4,602.50 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.