Gold Spot Price (gold/CNY)
CN¥35,414.27
per troy ounce
Gold & Silver
1 oz
CN¥35,414.27
1 gr
CN¥1,138.59
1 kg
CN¥1,138,594.47
Prev Close
CN¥36,719.19
Open
CN¥35,414.27
Day High
CN¥35,919.98
Day Low
CN¥35,085.30
1 oz
CN¥574.21
1 gr
CN¥18.46
1 kg
CN¥18,461.33
Prev Close
CN¥616.47
Open
CN¥574.21
Day High
CN¥599.01
Day Low
CN¥559.30
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: CN¥35,414.27/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CN¥35,414.27 | -CN¥1,304.92 | -3.55% | |
| 1 Week | CN¥36,058.66 | -CN¥644.39 | -1.79% | |
| 1 Month | CN¥34,158.51 | +CN¥1,255.76 | +3.68% | |
| 3 Months | CN¥29,274.98 | +CN¥6,139.29 | +20.97% | |
| 6 Months | CN¥24,884.77 | +CN¥10,529.51 | +42.31% | |
| 1 Year | CN¥20,150.96 | +CN¥15,263.32 | +75.74% | |
| Since 2026 | CN¥30,092.93 | +CN¥5,321.35 | +17.68% | |
| Since 2025 | CN¥18,415.02 | +CN¥16,999.26 | +92.31% | |
| Since 2024 | CN¥14,305.62 | +CN¥21,108.65 | +147.56% | |
| Since 2023 | CN¥12,737.34 | +CN¥22,676.93 | +178.03% | |
| Since 2022 | CN¥12,419.96 | +CN¥22,994.31 | +185.14% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CN¥35,414.27 | CN¥36,719.19 | CN¥35,919.98 | CN¥35,085.30 | Today -1304.92 (-3.55%) |
Silver (XAG) | CN¥574.21 | CN¥616.47 | CN¥599.01 | CN¥559.30 | Today -42.26 (-6.86%) |