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On this day — April 18, 2023
Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.
Day 108 of 365 · Q2 2023 · 29.6% 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 18 across the years — 2020 → 2021
| Year | Apr 18 close | vs prior | |
|---|---|---|---|
| Apr 18, 2021 | $1,790.10 | +5.76% | View |
| Apr 18, 2020 | $1,692.60 | — | View |