Gold Spot Price (gold/NZD)
NZ$7,631.53
per troy ounce
Gold & Silver
1 oz
NZ$7,631.53
1 gr
NZ$245.36
1 kg
NZ$245,359.21
Prev Close
NZ$7,647.56
Open
NZ$7,631.53
Day High
NZ$7,694.40
Day Low
NZ$7,538.97
1 oz
NZ$126.15
1 gr
NZ$4.06
1 kg
NZ$4,055.65
Prev Close
NZ$128.02
Open
NZ$126.15
Day High
NZ$127.93
Day Low
NZ$123.47
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$7,631.53/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | NZ$7,631.53 | -NZ$16.03 | -0.21% | |
| 1 Week | NZ$7,658.22 | -NZ$26.68 | -0.35% | |
| 1 Month | NZ$7,701.58 | -NZ$70.05 | -0.91% | |
| 3 Months | NZ$8,800.43 | -NZ$1,168.90 | -13.28% | |
| 6 Months | NZ$7,230.15 | +NZ$401.38 | +5.55% | |
| 1 Year | NZ$5,792.30 | +NZ$1,839.23 | +31.75% | |
| Since 2026 | NZ$7,432.16 | +NZ$199.37 | +2.68% | |
| Since 2025 | NZ$4,548.02 | +NZ$3,083.51 | +67.80% | |
| Since 2024 | NZ$3,533.11 | +NZ$4,098.42 | +116.00% | |
| Since 2023 | NZ$3,145.79 | +NZ$4,485.74 | +142.60% | |
| Since 2022 | NZ$3,067.40 | +NZ$4,564.13 | +148.79% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | NZ$7,631.53 | NZ$7,647.56 | NZ$7,694.40 | NZ$7,538.97 | Today -16.03 (-0.21%) |
Silver (XAG) | NZ$126.15 | NZ$128.02 | NZ$127.93 | NZ$123.47 | Today -1.87 (-1.46%) |