How low can gold go

Gold traded at $4,793 per ounce on Monday, April 20, 2026, falling 0.9% after the US Navy seized an Iranian-flagged cargo vessel in the Gulf of Oman, sending Brent crude up 5.33% to $95.20 and reigniting the inflation concerns that have pinned bullion inside a month-long consolidation range. Spot XAU/USD sits roughly 14% below the…