Gold Spot Price (gold/CAD)
CA$6,553.22
per troy ounce
Gold & Silver
1 oz
CA$6,553.22
1 gr
CA$210.69
1 kg
CA$210,690.82
Prev Close
CA$6,613.16
Open
CA$6,553.22
Day High
CA$6,610.00
Day Low
CA$6,483.87
1 oz
CA$108.34
1 gr
CA$3.48
1 kg
CA$3,483.17
Prev Close
CA$110.59
Open
CA$108.34
Day High
CA$110.56
Day Low
CA$107.64
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$6,553.22/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CA$6,553.22 | -CA$59.94 | -0.91% | |
| 1 Week | CA$6,512.47 | +CA$40.75 | +0.63% | |
| 1 Month | CA$6,151.32 | +CA$401.91 | +6.53% | |
| 3 Months | CA$6,570.99 | -CA$17.77 | -0.27% | |
| 6 Months | CA$5,966.83 | +CA$586.39 | +9.83% | |
| 1 Year | CA$4,580.31 | +CA$1,972.91 | +43.07% | |
| Since 2026 | CA$5,969.77 | +CA$583.45 | +9.77% | |
| Since 2025 | CA$3,653.13 | +CA$2,900.09 | +79.39% | |
| Since 2024 | CA$2,837.92 | +CA$3,715.30 | +130.92% | |
| Since 2023 | CA$2,526.81 | +CA$4,026.41 | +159.35% | |
| Since 2022 | CA$2,463.85 | +CA$4,089.38 | +165.98% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CA$6,553.22 | CA$6,613.16 | CA$6,610.00 | CA$6,483.87 | Today -59.94 (-0.91%) |
Silver (XAG) | CA$108.34 | CA$110.59 | CA$110.56 | CA$107.64 | Today -2.25 (-2.04%) |