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Apr 28, 2026 - 06:20 AM
As of 9 AM ET today, gold is trading at $4,593.40 per ounce, $147.68 per gram, and $147,681.40 per kilo. This represents a 2.40% decrease from yesterday’s 9 AM price of $4,706.60. The decline is largely attributed to institutional de-risking ahead of the FOMC’s two-day policy meeting beginning today. Traders are reacting to a firmed U.S. Dollar Index (DXY), which hit a 10-day high this morning, making the yellow metal more expensive for overseas buyers. While safe-haven demand remains underlying due to the ongoing U.S.-Iran diplomatic friction, the immediate pressure comes from rising Treasury yields, which dampen the appeal of non-yielding bullion.
