AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

4/1/2026: Metals notch fourth day of gains

Source: Dana Samuelson, American Gold Exchange

Austin — Precious metals continued their winning streak higher from Friday with gold gaining another 2.8% at the New York market close. Silver rose 1.4% while platinum and palladium each gained another 1% of value. Unlike yesterday, Asian equity markets rose today, along with those in Europe and the US, as hopes reverberated around the world that a resolution to the conflict against Iran was indeed within reach.

President Trump is scheduled to make a televised address at 9 PM tonight and is expected to announce that US objectives against Iran have met or exceeded expectations, but military operations may continue for another two to three weeks.

The US dollar weakened against other currencies on the US dollar index, falling thirty-six basis points on the index to 99.61. The dollar is now down a full point from its peak of 100.61 two days ago, it’s highest level since May of 2025. The benchmark US 10-year Treasury yield also eased lower to 4.31%, down from its Mar. 27th peak of 4.44%, its highest level since July of 2025. A weaker dollar and lower yields support a rising gold price.

The crucial brent crude oil price tumbled $17 from yesterday’s peak closing price of $118.35 to close just under $101 per barrel today. This narrowed the spread sharply between the European price for brent crude oil and the US West Texas intermediate crude price which peaked at $102.88 two days ago, with WTIC trading just over $100 per barrel this afternoon.

At the New York spot close: gold surged $135.60 to $4,783.20; silver rose $1.17 to $75.86 platinum rose $19.30 to $1,969.30; and palladium gained $17.95 to $1,489.15 an ounce.