Gold Rises to $4,890/oz, On Track for Fourth Straight Weekly Gain

Gold climbed to $4,890.00/oz on April 17, 2026, extending gains for a potential fourth consecutive weekly advance amid a weaker U.S. dollar and softer oil prices. Earlier, spot gold steadied at $4,795.14/oz (up 0.1%) with U.S. futures at $4,818.89/oz (up 0.2%), up over 1% for the week. Hopes for a U.S.-Iran ceasefire, dollar at a six-week low, oil down 3% weekly, and 27% odds of a December Fed rate cut fuel safe-haven demand, though prices remain below the late-January all-time high near $5,600/oz.