Gold Slides 1% to $4,689 on Inflation

Gold spot fell 1.1% to $4,688.96 per ounce, with futures down 1.0% to $4,705.56, on 23 April 2026.
Rising oil prices above $103 a barrel and a firmer U.S. dollar fueled inflation concerns, pressuring non‑yielding assets like gold.
Spot silver dropped 4.3% to $74.37/oz and platinum fell 3.5% to $2,005.92/oz, reflecting broader precious‑metal weakness.
Jake Behan of Direxion noted a shift toward earnings‑driven market and AI capex optimism, supporting a risk‑on rotation.