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On this day — April 27, 2022
Wednesday — a normal trading day. FOMC announcements (when scheduled) typically come on Wednesdays at 2 PM ET, often producing intraday gold volatility.
Day 117 of 365 · Q2 2022 · 32.1% through the year
April 2022 gold market: Tightening cycle pressures gold
BearishRising yields and a firm dollar drained the war premium.
Gold eased from around $1,940 toward $1,900 in April 2022 as the Federal Reserve signalled faster rate hikes and balance-sheet reduction. Rising real yields and a strengthening dollar steadily drained the war premium built up in February and March.
What drove gold in April 2022
- Fed signalling faster tightening
- rising real yields
- strengthening US dollar
- fading war premium
Key events in April 2022
- Apr 21Hawkish Fed commentary lifts yields; gold slips toward $1,900
What happened next
The pressure intensified in May and June as the Fed accelerated its hikes.
For gold buyers
April marked the handover from war-driven demand to Fed-driven pressure that would dominate gold for months.
Apr 27 across the years — 2020 → 2021
| Year | Apr 27 close | vs prior | |
|---|---|---|---|
| Apr 27, 2021 | $1,784.20 | +4.03% | View |
| Apr 27, 2020 | $1,715.00 | — | View |