Gold Spot Price (gold/AUD)
A$7,263.40
per troy ounce
Gold & Silver
1 oz
A$7,263.40
1 gr
A$233.52
1 kg
A$233,523.46
Prev Close
A$7,531.03
Open
A$7,263.40
Day High
A$7,367.12
Day Low
A$7,195.93
1 oz
A$117.77
1 gr
A$3.79
1 kg
A$3,786.38
Prev Close
A$126.44
Open
A$117.77
Day High
A$122.86
Day Low
A$114.71
Current Situation
Gold prices have plunged below $5,000 per ounce from recent highs near $5,379, with spot gold down over 5% to around $5,030 amid a surging US dollar and rising Treasury yields (Mitrade, CTV News).
Key Drivers
- Strong US Dollar: DXY at a 9-month high of 99.21 makes gold costlier for overseas buyers, outweighing safe-haven demand (Mitrade, KitcoNewsNOW).
- Climbing Treasury Yields: US 10-year yields at 4.05% hurt non-yielding gold as investors favor bonds amid inflation worries (Mitrade, KitcoNewsNOW).
- Middle East Tensions: US-Israel strikes on Iran and Strait of Hormuz risks spurred earlier gains, but dollar strength dominates while oil spikes add inflation pressure (Reuters, Peter Schiff on X).
Short-Term Outlook (1-7 days)
Downward pressure likely persists from dollar and yield strength, with a potential floor near $5,000; watch for any rebound if geo-risks escalate (Heraeus via Kitco).
Long-Term Outlook (1-3 months)
Bullish trend intact despite pullback, with analysts forecasting $5,400-$6,300 by year-end on sustained geo-risks and central bank demand (Goldman Sachs, J.P. Morgan, BNP Paribas).
What to Watch
- Middle East developments, especially Strait of Hormuz oil disruptions.
- Fed rate decisions amid oil-driven inflation.
- Dollar-gold safe-haven battle and central bank buying trends.
Current price: A$7,263.40/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | A$7,263.40 | -A$267.64 | -3.55% | |
| 1 Week | A$7,395.56 | -A$132.16 | -1.79% | |
| 1 Month | A$7,005.84 | +A$257.55 | +3.68% | |
| 3 Months | A$6,004.24 | +A$1,259.16 | +20.97% | |
| 6 Months | A$5,103.82 | +A$2,159.58 | +42.31% | |
| 1 Year | A$4,132.92 | +A$3,130.48 | +75.74% | |
| Since 2026 | A$6,172.00 | +A$1,091.40 | +17.68% | |
| Since 2025 | A$3,776.88 | +A$3,486.51 | +92.31% | |
| Since 2024 | A$2,934.05 | +A$4,329.34 | +147.56% | |
| Since 2023 | A$2,612.40 | +A$4,650.99 | +178.03% | |
| Since 2022 | A$2,547.31 | +A$4,716.09 | +185.14% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | A$7,263.40 | A$7,531.03 | A$7,367.12 | A$7,195.93 | Today -267.64 (-3.55%) |
Silver (XAG) | A$117.77 | A$126.44 | A$122.86 | A$114.71 | Today -8.67 (-6.86%) |