Gold Steady But Stagnation of Diplomacy in Middle East Weighs

Spot gold traded steady in thin Asian holiday trade but faces downside pressure as stalled Middle East diplomacy, the absence of near-term Fed easing and large-scale outflows from gold ETFs weigh on the market, XS.com strategist Simon-Peter Massabni said. At 0137 GMT on April 30, 2026, spot gold was flat at $4,617.13 an ounce. The combination of geopolitics, monetary-policy uncertainty and ETF redemptions is acting as a headwind for prices despite limited trading volumes.