Gold Spot Price (gold/GBP)
£3,556.54
per troy ounce
Gold & Silver
1 oz
£3,556.54
1 gr
£114.35
1 kg
£114,345.21
Prev Close
£3,576.45
Open
£3,556.54
Day High
£3,574.75
Day Low
£3,506.53
1 oz
£58.89
1 gr
£1.89
1 kg
£1,893.48
Prev Close
£59.81
Open
£58.89
Day High
£59.79
Day Low
£58.22
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: £3,556.54/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,556.54 | -£19.92 | -0.56% | |
| 1 Week | £3,522.00 | +£34.53 | +0.98% | |
| 1 Month | £3,326.68 | +£229.85 | +6.91% | |
| 3 Months | £3,553.65 | +£2.89 | +0.08% | |
| 6 Months | £3,226.91 | +£329.62 | +10.21% | |
| 1 Year | £2,477.07 | +£1,079.47 | +43.58% | |
| Since 2026 | £3,228.50 | +£328.03 | +10.16% | |
| Since 2025 | £1,975.65 | +£1,580.89 | +80.02% | |
| Since 2024 | £1,534.77 | +£2,021.77 | +131.73% | |
| Since 2023 | £1,366.52 | +£2,190.02 | +160.26% | |
| Since 2022 | £1,332.47 | +£2,224.07 | +166.91% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,556.54 | £3,576.45 | £3,574.75 | £3,506.53 | Today -19.92 (-0.56%) |
Silver (XAG) | £58.89 | £59.81 | £59.79 | £58.22 | Today -0.92 (-1.53%) |