Gold Spot Price (gold/GBP)
£3,546.48
per troy ounce
Gold & Silver
1 oz
£3,546.48
1 gr
£114.02
1 kg
£114,021.93
Prev Close
£3,578.36
Open
£3,546.48
Day High
£3,576.65
Day Low
£3,508.40
1 oz
£58.67
1 gr
£1.89
1 kg
£1,886.26
Prev Close
£59.84
Open
£58.67
Day High
£59.82
Day Low
£58.25
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: £3,546.48/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,546.48 | -£31.88 | -0.89% | |
| 1 Week | £3,523.88 | +£22.60 | +0.64% | |
| 1 Month | £3,328.46 | +£218.02 | +6.55% | |
| 3 Months | £3,555.54 | -£9.06 | -0.25% | |
| 6 Months | £3,228.64 | +£317.85 | +9.84% | |
| 1 Year | £2,478.39 | +£1,068.09 | +43.10% | |
| Since 2026 | £3,230.23 | +£316.25 | +9.79% | |
| Since 2025 | £1,976.70 | +£1,569.78 | +79.41% | |
| Since 2024 | £1,535.59 | +£2,010.89 | +130.95% | |
| Since 2023 | £1,367.25 | +£2,179.23 | +159.39% | |
| Since 2022 | £1,333.18 | +£2,213.30 | +166.02% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,546.48 | £3,578.36 | £3,576.65 | £3,508.40 | Today -31.88 (-0.89%) |
Silver (XAG) | £58.67 | £59.84 | £59.82 | £58.25 | Today -1.17 (-1.96%) |