Gold Spot Price (gold/CAD)
CA$7,018.62
per troy ounce
Gold & Silver
1 oz
CA$7,018.62
1 gr
CA$225.65
1 kg
CA$225,653.59
Prev Close
CA$7,274.87
Open
CA$7,018.62
Day High
CA$7,116.52
Day Low
CA$6,951.16
1 oz
CA$113.87
1 gr
CA$3.66
1 kg
CA$3,661.04
Prev Close
CA$122.14
Open
CA$113.87
Day High
CA$118.68
Day Low
CA$110.81
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: CA$7,018.62/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CA$7,018.62 | -CA$256.25 | -3.52% | |
| 1 Week | CA$7,144.00 | -CA$125.38 | -1.76% | |
| 1 Month | CA$6,767.54 | +CA$251.08 | +3.71% | |
| 3 Months | CA$5,800.01 | +CA$1,218.61 | +21.01% | |
| 6 Months | CA$4,930.21 | +CA$2,088.41 | +42.36% | |
| 1 Year | CA$3,992.34 | +CA$3,026.28 | +75.80% | |
| Since 2026 | CA$5,962.06 | +CA$1,056.56 | +17.72% | |
| Since 2025 | CA$3,648.41 | +CA$3,370.20 | +92.37% | |
| Since 2024 | CA$2,834.25 | +CA$4,184.36 | +147.64% | |
| Since 2023 | CA$2,523.54 | +CA$4,495.07 | +178.13% | |
| Since 2022 | CA$2,460.66 | +CA$4,557.95 | +185.23% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CA$7,018.62 | CA$7,274.87 | CA$7,116.52 | CA$6,951.16 | Today -256.25 (-3.52%) |
Silver (XAG) | CA$113.87 | CA$122.14 | CA$118.68 | CA$110.81 | Today -8.27 (-6.77%) |