Gold Dips Below $4800 Ahead Of Warsh's Confirmation Hearing

Gold slipped below the $4,800 an ounce mark on April 21, 2026, with spot gold down about 0.8% to $4,783.87 and U.S. futures off roughly 0.6% to $4,802.41. The decline came as investors awaited clarity on U.S.-Iran peace talks with a two‑week ceasefire near expiration, while comments from U.S. and Iranian officials added volatility. Market participants are also watching the upcoming confirmation hearing for Fed Chair nominee Kevin Warsh for cues on inflation and interest rates, and U.S. March retail sales due later in the day; the dollar index was range‑bound and U.S. Treasury yields were little changed. Geopolitical developments and Fed guidance are presented as the main near‑term drivers that could either pressure or support gold prices.