https://www.instagram.com/vanessaclarkipaiThis is your Gold podcast.
Hey everyone, welcome to another episode of 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 that big geopolitical buzz shaking things up.
As of yesterday morning around 9 AM Eastern Time, spot gold was trading at about $4,656 per ounce, according to Fortune. That's a slight dip of $16 from the day before, but get this—it's still a whopping $1,674 higher than a year ago. We've seen some volatility, with prices bouncing around $4,650 to $4,686 in recent reports from sources like GoldSilver.com and USA Gold. China's central bank just extended its gold buying streak to 17 months, adding steady demand as prices stabilize. Plus, global gold ETFs saw a solid 21-tonne inflow to kick off April, per the World Gold Council's weekly monitor—a real vote of confidence from investors worldwide.
The big headline? Tensions around the Strait of Hormuz deadline set by President Trump last night at 8 PM ET. Gold dipped toward $4,600 early before recovering near $4,665, while oil spiked above $110 a barrel. Traders are watching closely—if no deal, it could push safe-haven gold even higher. Technical charts are aligning at key supports, with some analysts eyeing a long-term target as high as $7,400 if momentum builds.
For you listeners tracking gold, here's a quick tip: With volatility like this, consider dollar-cost averaging into physical gold or ETFs to smooth out the rides. Stay diversified, and keep an eye on tonight's headlines for the next move.
Thanks for tuning in, friends—hit subscribe, share with a buddy, and I'll catch you next time on Daily Gold Price Tracker!
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