Ukraine’s use of long-range missiles and nuclear rhetoric. ~$5,600/oz Historic peak amid intensified global sanctions and wars. April 2026 ~$4,690/oz

: While the ongoing Russia-Ukraine war remains a foundational driver of the "safe-haven" premium, recent price movements have been more heavily influenced by newer flashpoints in the Middle East and evolving US trade policies. Historical and Projected Movements

: A stronger US dollar or successful diplomatic resolutions in current conflict zones could trigger further price corrections.

The "3-month peak" mentioned in various reports often refers to recurring rallies sparked by escalations in the Ukraine conflict. Gold Price Milestone Primary Driver ~$1,900/oz Initial Russian invasion of Ukraine. Late 2024 ~$2,680/oz

As of , gold prices have recently experienced significant volatility, hitting historic all-time highs earlier this year before stabilizing amidst shifting geopolitical tensions. Current Price Trends (April 2026)

Current stabilization as traders weigh peace talks vs. inflation.

Prices are currently reacting to diplomatic efforts between the , specifically regarding a proposal to reopen the Strait of Hormuz .

AI responses may include mistakes. For financial advice, consult a professional. Learn more Impact of the Ukraine war on gold prices - ABN AMRO