Gold falls on stronger dollar amid renewed U.S.-Iran tensions
Gold prices have fallen since the U.S. and Israel launched strikes on Iran in late February. File (Representational image)
| Photo Credit: Reuters
Gold prices fell on Monday (April 20, 2026) as the dollar firmed, while news the Strait of Hormuz is closed again pushed oil prices higher and revived inflation fears.
Spot gold was down 0.7% at $4,793.98 per ounce, as of 0351 GMT, after hitting its lowest level since April 13 earlier in the session. U.S. gold futures for June delivery fell 1.4% to $4,813.60.
Published – April 20, 2026 11:35 am IST
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