Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Tuesday Apr 28 2026 04:01
3 min
Gold Price Today: Gold (XAUUSD) is trading at $4,702 today, April 28, 2026, as safe-haven demand remains elevated amid escalating geopolitical tensions in the Middle East.
The precious metal continues to hold above the psychologically important $4,700 level, supported by a volatile energy market and broad risk-off sentiment across global markets.
Geopolitical tensions in the Middle East — The Strait of Hormuz is back in focus, with oil surging past $100/barrel today amid fresh Iran-related concerns, pulling gold higher as the classic hedge against energy-driven uncertainty.
Institutional safe-haven rotation — Both retail and institutional capital is flowing into bullion as investors hedge against geopolitical risk, with $4,700 now acting as a support level rather than resistance.
Gold mining stocks catching fire — On the ASX, Victory Goldfields (1VG.AX) surged 34.6% on heavy volume, signaling that the gold rally is pulling the broader sector higher alongside the spot price.
source: tradingview
Natasha Kaneva, Head of Global Commodities Strategy at J.P. Morgan
“While this rally in gold has not, and will not, be linear, we believe the trends driving this rebasing higher in gold prices are not exhausted. The long-term trend of official reserve and investor diversification into gold has further to run. We expect gold demand to push prices toward $5,000/oz by year-end 2026.”
Gold is firmly in bull mode with $4,700 as the new floor. The next resistance zone sits at $4,800–$5,000, but any de-escalation headlines could trigger a sharp pullback. Watch oil and geopolitical headlines closely this week.
Looking to trade Gold (XAUUSD) CFDs? Choose Markets.com for a user-friendly platform, competitive spreads, and a wide range of assets. Take control of your trading journey today! Sign up now and unlock the tools and resources you need to succeed in the exciting world of CFDs. Start trading!
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Monday, 10 August 2026
6 min
Monday, 10 August 2026
6 min
Monday, 10 August 2026
6 min
Monday, 10 August 2026
Indices
Gold Price Today, August 11, 2026: Gold Rallies Above $4,430 as CPI Test Approaches
Monday, 10 August 2026
Indices
Microsoft Stock Jumps Nearly 30% as Analysts Raise Targets After Q4 Beat
Monday, 10 August 2026
Indices
Gold Price Forecast This Week: XAU/USD Breaks $4,400 Ahead of Crucial US Inflation Data
Monday, 10 August 2026
Indices
Nvidia Stock News Today: $500 Billion AI Financing Push Revives Circular-Deal Concerns
Monday, 10 August 2026
Indices
RBA Interest Rate Decision Preview: Hold at 4.35% Expected as AUD/USD Tests Seven-Week High
Monday, 10 August 2026
Indices
Yen Gives Back Nearly Half Its Intervention Rally as US-Japan Action Fails to Halt Slide
EN
