Gold traded at $4,793 per ounce on Monday, April 20, 2026, falling 0.9% after the US Navy seized an Iranian-flagged cargo vessel in the Gulf of Oman, sending Brent crude up 5.33% to $95.20 and reigniting the inflation concerns that have pinned bullion inside a month-long consolidation range. Spot XAU/USD sits roughly 14% below the $5,595 all-time high set on January 29 and has failed three times at $4,800 resistance reinforced by the 50-day EMA. For the first time since the February peak, the primary gold price prediction question is no longer "how high," but "how low can gold go." Three catalysts define this week: ... (full story)