Gold Falls 1.2% to $4,544, Dollar Gains

Spot gold slipped 1.2% to $4,544.11/oz and futures fell 1.1% to $4,557.89/oz amid a stronger dollar.
Silver and platinum also fell, sliding 2.4% to $71.40/oz and 3.1% to $1,897.45/oz respectively.
The World Gold Council reported Q1 2026 gold demand rose 2% YoY to 1,230.9 tonnes, value up 74% to $193bn.
Brent crude surged 5.7% to $110.39/barrel as U.S. President Trump signaled a prolonged naval blockade against Iran.