Gold Spot Price (gold/GBP)
£3,545.07
per troy ounce
Gold & Silver
1 oz
£3,545.07
1 gr
£113.98
1 kg
£113,976.59
Prev Close
£3,574.60
Open
£3,545.07
Day High
£3,572.90
Day Low
£3,504.72
1 oz
£58.54
1 gr
£1.88
1 kg
£1,882.09
Prev Close
£59.78
Open
£58.54
Day High
£59.76
Day Low
£58.19
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: £3,545.07/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,545.07 | -£29.53 | -0.83% | |
| 1 Week | £3,520.18 | +£24.89 | +0.71% | |
| 1 Month | £3,324.96 | +£220.11 | +6.62% | |
| 3 Months | £3,551.81 | -£6.74 | -0.19% | |
| 6 Months | £3,225.24 | +£319.83 | +9.92% | |
| 1 Year | £2,475.79 | +£1,069.28 | +43.19% | |
| Since 2026 | £3,226.83 | +£318.24 | +9.86% | |
| Since 2025 | £1,974.62 | +£1,570.45 | +79.53% | |
| Since 2024 | £1,533.98 | +£2,011.09 | +131.10% | |
| Since 2023 | £1,365.81 | +£2,179.26 | +159.56% | |
| Since 2022 | £1,331.78 | +£2,213.29 | +166.19% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,545.07 | £3,574.60 | £3,572.90 | £3,504.72 | Today -29.53 (-0.83%) |
Silver (XAG) | £58.54 | £59.78 | £59.76 | £58.19 | Today -1.24 (-2.07%) |