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Apr 08, 2026 - 06:39 AM
As of 9 AM ET today, gold is trading at $4,811.60 per ounce, $154.70 per gram, and $154,696.50 per kilo. This represents a 3.17% gain from yesterday’s $4,663.70 per ounce. The rally is primarily fueled by a sharp drop in the U.S. Dollar. While the newly announced two-week U.S.-Iran ceasefire has cooled immediate war fears, investors are shifting from the "safe-haven" dollar into gold as a hedge against potential long-term inflationary effects from the conflict.
