Gold Prices man

Gold prices averaged USD 4,720 per troy ounce in April, down 2.9% from March. On 30 April, the commodity traded at USD 4,620 per troy ounce, down 0.1% from 31 March.

Gold prices fell in April for the second straight month, weighed on by market analysts winding back their projections for Fed rate cuts this year in light of resurgent global energy prices. Gold—which bears no interest—tends to perform poorly in high interest rate environments. However, the metal’s price remains extremely elevated by historical standards, only around 10–15% below the all-time peak reached in late January.