Gold Spot Price (gold/NZD)
NZ$7,627.70
per troy ounce
Gold & Silver
1 oz
NZ$7,627.70
1 gr
NZ$245.24
1 kg
NZ$245,236.02
Prev Close
NZ$7,643.16
Open
NZ$7,627.70
Day High
NZ$7,689.98
Day Low
NZ$7,534.64
1 oz
NZ$126.06
1 gr
NZ$4.05
1 kg
NZ$4,052.83
Prev Close
NZ$127.94
Open
NZ$126.06
Day High
NZ$127.86
Day Low
NZ$123.40
Current Situation
Gold prices rose nearly 1% on June 4 after an Israel-Lebanon ceasefire deal eased Middle East tensions, though gains remain limited by expectations of higher U.S. interest rates.
Key Drivers
- The ceasefire reduced immediate geopolitical risk, supporting a modest recovery in gold.
- Bets on U.S. rate hikes, fueled by strong jobs data and energy inflation, continue to weigh on prices.
- A stronger dollar and shifting oil prices are adding further downward pressure.
Short-Term Outlook (1-7 days)
Near-term sentiment stays bearish, with prices holding below the 21-day moving average and facing resistance around $4,480โ$4,485. Direction will likely hinge on the upcoming U.S. jobs report.
Long-Term Outlook (1-3 months)
Broader trends remain mixed. Persistent rate-hike expectations and a firm dollar could cap gains, while any renewed geopolitical flare-ups may provide support.
What to Watch
- U.S. employment data and its impact on Federal Reserve policy expectations.
- Developments in Iran-related tensions and any risks to oil transit through the Strait of Hormuz.
Current price: NZ$7,627.70/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | NZ$7,627.70 | -NZ$15.46 | -0.20% | |
| 1 Week | NZ$7,653.81 | -NZ$26.12 | -0.34% | |
| 1 Month | NZ$7,697.16 | -NZ$69.46 | -0.90% | |
| 3 Months | NZ$8,795.37 | -NZ$1,167.67 | -13.28% | |
| 6 Months | NZ$7,225.99 | +NZ$401.70 | +5.56% | |
| 1 Year | NZ$5,788.97 | +NZ$1,838.73 | +31.76% | |
| Since 2026 | NZ$7,427.89 | +NZ$199.81 | +2.69% | |
| Since 2025 | NZ$4,545.41 | +NZ$3,082.29 | +67.81% | |
| Since 2024 | NZ$3,531.08 | +NZ$4,096.62 | +116.02% | |
| Since 2023 | NZ$3,143.98 | +NZ$4,483.72 | +142.61% | |
| Since 2022 | NZ$3,065.64 | +NZ$4,562.06 | +148.81% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | NZ$7,627.70 | NZ$7,643.16 | NZ$7,689.98 | NZ$7,534.64 | Today -15.46 (-0.20%) |
Silver (XAG) | NZ$126.06 | NZ$127.94 | NZ$127.86 | NZ$123.40 | Today -1.88 (-1.47%) |