Gold and silver experienced a surge to the upside after President Trump proclaimed that the Strait of Hormuz will remain open for the remainder of the ceasefire period a 10-day window that already has extension proposals on the table.

Gold pushed higher again on Thursday, with spot prices reaching $4,828.68 per ounce by mid-session before giving up those gains and closing down by roughly $3 as markets digested a dense flow of market-moving news: a grim IMF growth downgrade, a major new r

The Gold Forecast | Market Commentary Wednesday, April 15, 2026

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