AGE Daily Gold Update

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

4/10/2026: Gold post 2.4% weekly rise

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold slipped 0.6% to close under $4,762 on profit-taking after four straight winning sessions despite a dip in the dollar and sharply higher consumer inflation. Bullion gained 2.4% for the week on hopes that the Middle East ceasefire could still bring rate cuts from the Fed this year. Silver slipped less than 0.1% to finish at $76.32, notching a weekly rise of 4.9%.

The CPI for March showed prices surge 0.9%, the most in nearly four years, boosting the 12-month inflation rate to 3.3%, the most since 2024. The US war on Iran is directly responsible for three-quarters of the massive rise by triggering a record 21% increase in gasoline prices.

Factoring out energy and food prices, the so-called core CPI rose a modest 0.2% for March, with a year-over-year increase of 2.6%. The cost of services, which contribute roughly nearly 80% of GDP, also rose 0.2%.

Although economists expect the energy shock to continue for some time, tame inflation readings for services and many goods could induce the Fed to lower interest rats later this year, especially if the fragile the US-Iran ceasefire holds.

The dollar fell 0.1% on the slightly dovish outlook for rates because of mild core inflation, but benchmark 10-year Treasury yields rose as traders anticipate lower rates toward the end of 2026.

Platinum lost 2.3% but held a weekly rise of 4.3%. Palladium dropped 1.7% for the day and 2.2% for the week.

At the New York spot close: gold slipped $30.30 to $4,671.90; silver added 5 cents, to $76.32; platinum shed $47.50 to $2,049.10; and palladium dropped $26.50 to $1,535.65 an ounce.