Extending losses from the two previous sessions, gold prices have declined sharply on Wednesday as Iran struggles to reach a deal with the U.S. while the Strait of Hormuz remains blocked for oil transit.
Front Month Comex Gold for June month delivery has slid by $44.80 (or 0.97%) to $4,563.60 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.