April 30, 2026

4 min

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Chart of the week: Gold retreats from $5,000

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Chart of the week: Gold retreats from $5,000

The precious metal has dulled lately.

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After topping $5,000 per ounce several times earlier this year, gold has been under pressure. Persistent inflation concerns, which can eat away at the appeal of real assets like gold that do not offer yield, have pushed the precious metal to a 4-week low. As long as inflationary pressures including higher oil prices remain, gold may struggle to recapture momentum.

Chart shows the price of gold as described in the text.

Source: FactSet, as of April 29, 2026. Past performance is no guarantee of future results.

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Analyzing stock fundamentals

Past performance is no guarantee of future results.

The gold industry can be significantly affected by international monetary and political developments such as currency devaluations or revaluations, central bank movements, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries.

Fluctuations in the price of gold often dramatically affect the profitability of companies in the gold sector.

Changes in the political or economic climate, especially in gold producing countries such as South Africa and the former Soviet Union, may have a direct impact on the price of gold worldwide.

The gold industry is extremely volatile, and investing directly in physical gold may not be appropriate for most investors.

Bullion and coin investments in FBS accounts are not covered by either the SIPC or insurance "in excess of SIPC" coverage of FBS or NFS.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

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