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This is your Gold podcast.
Hey everyone, welcome back to Daily Gold Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on gold prices, fresh market moves, and what it all means for you.
Right now, the spot price for gold is hovering around $4,766 per ounce, up about 0.54% today according to Kitco's live charts. That's roughly $153 per gram for 24-karat gold. Yesterday, on April 13th, we saw it dip slightly to around $4,733 after US-Iran peace talks fell apart with no resolution, and the US announced a blockade on the Strait of Hormuz. Finance Magnates reports that slip of 0.3%, but gold's still massively up 80% since early 2025, even after a rough March drop—the steepest since the 2008 crisis.
Over the past week, prices climbed moderately, up about 1.44% from $149.78 per gram seven days ago, per GoldPricez data. It's trading in a tight range between $4,300 and $5,600, about 15% below January's all-time high of $5,595. Bullion Exchanges notes it's up 0.9% from last week at $4,746.
What's driving this? Geopolitical tensions from the Iran situation are keeping safe-haven demand strong, plus upcoming US March PPI data, jobless claims, and Hormuz blockade details could spark more volatility. Capital Street FX sees today's range at $4,680 to $4,820.
Looking ahead, big banks are bullish: UBP reaffirmed a $6,000 target for 2026, UBS at $5,600, and JPMorgan up to $6,300. State Street gives a 30% shot at $5,500 to $6,250 by year-end.
Quick tip: If you're tracking or investing, watch oil prices and Fed moves—they could push real rates higher and pressure gold lower. Set alerts around $4,260 support.
That's your daily gold update—stay golden, friends. Thanks for tuning in, subscribe for tomorrow's tracker, and catch you next time!
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