Gold Price Today Falls 5% as Bullion Hits 2026 Low on Rate-Hike Bets
Spot gold plunged 5.8% to $4,226.16 an ounce by early Monday, its lowest level of 2026, while U.S. April futures dropped 7.5%. Bullion has fallen for nine straight sessions and is down over 20% from its January record. Silver, platinum, and palladium also posted sharp declines as investors cut exposure across precious metals. The dollar rose and oil stayed above $110 a barrel amid the Strait of Hormuz closure.