Gold prices held steady on April 17, 2026.
The metal remains on track for its fourth consecutive weekly gain.
Optimism regarding a potential U.S.-Iran peace deal drives the current upward trend. This sentiment eases market concerns over rising inflation and interest rates.
A recent ceasefire between Lebanon and Israel further bolstered investor confidence. Markets anticipate upcoming U.S.-Iran talks scheduled for the weekend.
The SPDR Gold Trust reported a 0.2% increase in holdings earlier this week.