The price of gold futures dropped below $4.7 thousand per ounce for the first time since April 13.

The price of gold futures for delivery in June 2026 dropped below $4.7 thousand per troy ounce, which happened for the first time since April 13, 2026. This was confirmed on April 21 by data from the Comex trading platform.

As of 22:42 Moscow time, the price of the precious metal decreased by 2.77%, reaching $4,695.1 per troy ounce.

By 22:49 Moscow time, the futures price adjusted to the level of $4,699.7 per ounce, with an overall decrease of 2.26%.

Iran has squeezed gold: why the precious metal has collapsed in price

It has become one of the most affected assets due to the war in the Middle East.

CNBC reported on April 15 that central banks in many countries have been actively disposing of their gold reserves in the past few months. Turkey is the most prominent seller, and the country's precious metal reserves decreased by 131 tons in March due to swaps and direct sales as the authorities sought to stabilize the lira, according to a Metals Focus report.