AGE Daily Gold Update

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

4/15/2026: Gold slips on peace progress

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold slipped 0.5% to close at $4,800 as peace talks between the US and Iran lifted Treasury yields and pressured safe-haven assets. Silver rose 0.1% to finish at $79.49 an ounce.

Signs of de-escalation in the US war on Iran spurred risk appetite today, pushing the S&P 500 and NASDAQ higher by 0.8% and 1.6%, respectively, into record territory. With negotiators meeting in Pakistan, President Trump said the war is "almost over," although the Strait of Hormuz remains blocked.

Benchmark 10-year Treasury yields rose as investors left the perceived safety of government debt for equities. Higher yields weigh on gold by increasing the opportunity cost for holding it instead of bonds for safety.

Oil prices were little changed, with US benchmark hovering around $91.28 a barrel.

The war against Iran has eroded business conditions across the US, according to the Fed's Beige Book. Hiring, pricing, and capital investment have been complicated by the energy shock resulting from the war.

The cost of imported goods rose sharply in March for the third month in a row, with an annualized increase of nearly 10%, the biggest in four years.

Platinum rose 1.4% while palladium dipped 0.2%.

At the New York spot close: gold slipped $25 to $4.800; silver added 10 cents, to $79.49; platinum picked up $28.30 to $2,112. 90; and palladium shed $2.75 to $1,576.65 an ounce.