Gold prices have fallen since the U.S. and Israel launched strikes on Iran in late February. File

Gold prices have fallen since the U.S. and Israel launched strikes on Iran in late February. File
| Photo Credit: Reuters

Gold prices fell on ​Monday (April 20, 2026) as the dollar firmed, while news the Strait ⁠of Hormuz is closed again pushed oil prices higher and revived inflation fears.

Spot gold was down 0.7% at $4,793.98 per ounce, as of 0351 GMT, ‌after hitting its lowest level since April 13 earlier in the session. U.S. gold futures for June ‌delivery fell 1.4% to $4,813.60.


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