Gold Spot Price (gold/HKD)
HK$40,139.31
per troy ounce
Gold & Silver
1 oz
HK$40,139.31
1 gr
HK$1,290.51
1 kg
HK$1,290,507.78
Prev Close
HK$41,604.15
Open
HK$40,139.31
Day High
HK$40,698.61
Day Low
HK$39,752.89
1 oz
HK$650.98
1 gr
HK$20.93
1 kg
HK$20,929.53
Prev Close
HK$698.49
Open
HK$650.98
Day High
HK$678.70
Day Low
HK$633.70
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: HK$40,139.31/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | HK$40,139.31 | -HK$1,464.84 | -3.52% | |
| 1 Week | HK$40,855.74 | -HK$716.43 | -1.75% | |
| 1 Month | HK$38,702.81 | +HK$1,436.50 | +3.71% | |
| 3 Months | HK$33,169.59 | +HK$6,969.72 | +21.01% | |
| 6 Months | HK$28,195.32 | +HK$11,943.98 | +42.36% | |
| 1 Year | HK$22,831.75 | +HK$17,307.56 | +75.80% | |
| Since 2026 | HK$34,096.35 | +HK$6,042.96 | +17.72% | |
| Since 2025 | HK$20,864.87 | +HK$19,274.44 | +92.38% | |
| Since 2024 | HK$16,208.77 | +HK$23,930.53 | +147.64% | |
| Since 2023 | HK$14,431.86 | +HK$25,707.45 | +178.13% | |
| Since 2022 | HK$14,072.26 | +HK$26,067.05 | +185.24% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | HK$40,139.31 | HK$41,604.15 | HK$40,698.61 | HK$39,752.89 | Today -1464.84 (-3.52%) |
Silver (XAG) | HK$650.98 | HK$698.49 | HK$678.70 | HK$633.70 | Today -47.51 (-6.80%) |