15. April 2026
The gold price reached a four-week high on Wednesday morning before giving up those gains and falling back to a level just above $4,800. The precious metal started the week strongly, gaining more than 4.5% in the previous two trading days, with support primarily driven by the weakening US dollar.
The Greenback has lost ground against other major currencies as expectations of a US Federal Reserve interest rate hike have diminished, following March’s US inflation figures – which, despite an increase from the previous month, came in lower than feared. This suggests that the higher energy prices caused by the war in Iran had less of an impact on inflation than previously expected.
Against this backdrop, and given growing hopes that a diplomatic solution will open realistic prospects for a lasting ceasefire and enable the normalization of shipping traffic through the Strait of Hormuz, the US dollar could weaken further, which in turn could create room for additional gains in gold prices.
Nevertheless, the situation remains volatile, and any escalation in the Persian Gulf could shift investors’ focus back to inflation and weak growth – a dynamic that would positively impact the dollar and continue to hold back gold bulls.
Ricardo Evangelista – Senior Analyst, ActivTrade
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Source：https://goldinvest.de/en/gold-climbs-dollar-falters-is-the-5000-usd-mark-now-under-attack/
