Precious metals steady despite currency and geopolitical pressures
May 6, 2026
The Perth Mint sold 46,106 troy ounces (oz) of gold, 496,212 oz of silver and 3,056 oz of platinum in minted product form during April 2026.
Ongoing conflict in the Middle East remained the key influence on global markets in April. Gold opened the month at around USD 4,550 tracking higher alongside other asset classes on expectations of a ceasefire, which was ultimately declared for a two-week period. During this time, gold reached a high of almost USD 4,900. However, continued geopolitical uncertainty, a stronger US dollar due to higher oil prices, and persistent inflation concerns weighed on sentiment later in the month. Gold eased back to a low of around USD 4,610 before recovering slightly, finishing April up around 1.50%.
From Perth Mint