Gold Spot Price (gold/AUD)
A$6,697.20
per troy ounce
Gold & Silver
1 oz
A$6,697.20
1 gr
A$215.32
1 kg
A$215,319.76
Prev Close
A$6,752.99
Open
A$6,699.02
Day High
A$6,749.76
Day Low
A$6,620.96
1 oz
A$110.59
1 gr
A$3.56
1 kg
A$3,555.56
Prev Close
A$112.93
Open
A$110.61
Day High
A$112.90
Day Low
A$109.92
Current Situation
As of April 20, 2026, gold has dipped below $4,800, pressured by renewed Middle East tensions around Iran and the Strait of Hormuz, which are lifting oil prices and the USD (FXStreet, Investing.com).
Key Drivers
- Middle East tensions: Strait of Hormuz issues are strengthening the USD and oil, weighing on gold.
- Fading Fed rate cuts: Expectations for cuts have fallen to 27%, stalling gold's recent rally (FXEmpire).
- Geopolitical outlook: UBS predicts a substantial rally if tensions linger and rates ease (via KitcoNewsNOW).
Short-Term Outlook (1-7 days)
Downward pressure likely persists with current tensions and low rate-cut odds; watch $4,800 as key support and $4,870 as recent resistance.
Long-Term Outlook (1-3 months)
Bullish trend intact per UBS and Kitco analysts, with potential for 20% gains above current levels in 2026 if uncertainty remains elevated.
What to Watch
- Resolution or escalation of Strait of Hormuz tensions.
- Updates on Fed rate cut probabilities.
- China's potential sulfuric acid export halt and critical minerals shifts (hot on X via GoldTelegraph_).
(Medium confidence overall.)
Current price: A$6,697.20/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | A$6,697.20 | -A$55.79 | -0.83% | |
| 1 Week | A$6,650.17 | +A$47.02 | +0.71% | |
| 1 Month | A$6,281.38 | +A$415.82 | +6.62% | |
| 3 Months | A$6,709.92 | -A$12.73 | -0.19% | |
| 6 Months | A$6,092.99 | +A$604.20 | +9.92% | |
| 1 Year | A$4,677.16 | +A$2,020.04 | +43.19% | |
| Since 2026 | A$6,096.00 | +A$601.20 | +9.86% | |
| Since 2025 | A$3,730.38 | +A$2,966.82 | +79.53% | |
| Since 2024 | A$2,897.92 | +A$3,799.27 | +131.10% | |
| Since 2023 | A$2,580.23 | +A$4,116.96 | +159.56% | |
| Since 2022 | A$2,515.94 | +A$4,181.26 | +166.19% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | A$6,697.20 | A$6,752.99 | A$6,749.76 | A$6,620.96 | Today -55.79 (-0.83%) |
Silver (XAG) | A$110.59 | A$112.93 | A$112.90 | A$109.92 | Today -2.34 (-2.07%) |