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On this day — April 16, 2023
Sunday — the international gold market is closed. Spot quotes carry forward from the prior Friday close. Retail rates in jewellery markets may differ slightly based on local Sunday hours.
Day 106 of 365 · Q2 2023 · 29.0% through the year
April 2023 gold market: Gold consolidates above $1,950
Range-boundA firm hold near $2,000 after the March surge.
Gold held firm above $1,950 in April, briefly trading over $2,000, as the banking aftermath kept safe-haven demand alive and the dollar stayed soft. The metal consolidated its sharp March gains rather than extending them.
What drove gold in April 2023
- lingering banking-sector stress
- soft US dollar
- steady central-bank demand
- rate-cut expectations
Key events in April 2023
- Apr 13Gold trades above $2,000 intraday before easing
What happened next
Gold made a fuller run at its record in early May amid debt-ceiling brinkmanship.
For gold buyers
April's steadiness near $2,000 showed the March rally had staying power, not just a panic spike.
Apr 16 across the years — 2020 → 2022
| Year | Apr 16 close | vs prior | |
|---|---|---|---|
| Apr 16, 2022 | $1,963.30 | +10.64% | View |
| Apr 16, 2021 | $1,774.50 | +2.60% | View |
| Apr 16, 2020 | $1,729.50 | — | View |