Spot gold rose 0.6% to $4,678.51/oz, June futures up 0.4% to $4,704.45/oz on April 7, 2026.
President Trump set a 20:00 ET deadline for Iran to reopen the Strait of Hormuz, threatening to destroy its “civilization.”
Gold remains 11.7% lower since the Feb 2026 U.S.-Israel attack on Iran, pressured by rising oil prices and a strengthening dollar.
China’s central bank increased gold reserves to 74.38 million oz in March, its 17th consecutive month of purchases.