Gold Spot Price (gold/CAD)
CA$6,581.38
per troy ounce
Gold & Silver
1 oz
CA$6,581.38
1 gr
CA$211.60
1 kg
CA$211,596.25
Prev Close
CA$6,618.04
Open
CA$6,581.38
Day High
CA$6,614.88
Day Low
CA$6,488.65
1 oz
CA$109.01
1 gr
CA$3.50
1 kg
CA$3,504.68
Prev Close
CA$110.67
Open
CA$109.01
Day High
CA$110.64
Day Low
CA$107.72
Current Situation
As of April 20, 2026, gold has dipped below $4,800, pressured by renewed Middle East tensions around Iran and the Strait of Hormuz, which are lifting oil prices and the USD (FXStreet, Investing.com).
Key Drivers
- Middle East tensions: Strait of Hormuz issues are strengthening the USD and oil, weighing on gold.
- Fading Fed rate cuts: Expectations for cuts have fallen to 27%, stalling gold's recent rally (FXEmpire).
- Geopolitical outlook: UBS predicts a substantial rally if tensions linger and rates ease (via KitcoNewsNOW).
Short-Term Outlook (1-7 days)
Downward pressure likely persists with current tensions and low rate-cut odds; watch $4,800 as key support and $4,870 as recent resistance.
Long-Term Outlook (1-3 months)
Bullish trend intact per UBS and Kitco analysts, with potential for 20% gains above current levels in 2026 if uncertainty remains elevated.
What to Watch
- Resolution or escalation of Strait of Hormuz tensions.
- Updates on Fed rate cut probabilities.
- China's potential sulfuric acid export halt and critical minerals shifts (hot on X via GoldTelegraph_).
(Medium confidence overall.)
Current price: CA$6,581.38/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CA$6,581.38 | -CA$36.65 | -0.55% | |
| 1 Week | CA$6,517.28 | +CA$64.10 | +0.98% | |
| 1 Month | CA$6,155.85 | +CA$425.53 | +6.91% | |
| 3 Months | CA$6,575.84 | +CA$5.55 | +0.08% | |
| 6 Months | CA$5,971.23 | +CA$610.15 | +10.22% | |
| 1 Year | CA$4,583.69 | +CA$1,997.69 | +43.58% | |
| Since 2026 | CA$5,974.18 | +CA$607.20 | +10.16% | |
| Since 2025 | CA$3,655.83 | +CA$2,925.55 | +80.02% | |
| Since 2024 | CA$2,840.01 | +CA$3,741.37 | +131.74% | |
| Since 2023 | CA$2,528.67 | +CA$4,052.71 | +160.27% | |
| Since 2022 | CA$2,465.66 | +CA$4,115.72 | +166.92% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CA$6,581.38 | CA$6,618.04 | CA$6,614.88 | CA$6,488.65 | Today -36.65 (-0.55%) |
Silver (XAG) | CA$109.01 | CA$110.67 | CA$110.64 | CA$107.72 | Today -1.67 (-1.51%) |