2026 Markets: Gold Declines Amid Stalled Washington-Tehran Talks and Anticipation of Central Bank Decisions

 Gold prices eased on Tuesday, April 28, 2026, with spot prices falling 0.2% to $4,670.89 per ounce as investors focused on central bank meetings. Stalled peace talks between the U.S. and Iran, following President Trump’s rejection of Tehran's latest proposal, dampened hopes for a swift end to the two-month conflict. With the Strait of Hormuz nearly closed and oil prices hovering above $109, geopolitical risks remain the primary driver for gold in Spring 2026, as markets await a potential diplomatic breakthrough.