Gold Spot Price (gold/NZD)
NZ$8,668.77
per troy ounce
Gold & Silver
1 oz
NZ$8,668.77
1 gr
NZ$278.71
1 kg
NZ$278,707.28
Prev Close
NZ$8,979.25
Open
NZ$8,668.77
Day High
NZ$8,783.81
Day Low
NZ$8,579.70
1 oz
NZ$140.48
1 gr
NZ$4.52
1 kg
NZ$4,516.56
Prev Close
NZ$150.75
Open
NZ$140.48
Day High
NZ$146.48
Day Low
NZ$136.77
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: NZ$8,668.77/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | NZ$8,668.77 | -NZ$310.48 | -3.46% | |
| 1 Week | NZ$8,817.73 | -NZ$148.96 | -1.69% | |
| 1 Month | NZ$8,353.07 | +NZ$315.70 | +3.78% | |
| 3 Months | NZ$7,158.86 | +NZ$1,509.91 | +21.09% | |
| 6 Months | NZ$6,085.28 | +NZ$2,583.49 | +42.45% | |
| 1 Year | NZ$4,927.68 | +NZ$3,741.09 | +75.92% | |
| Since 2026 | NZ$7,358.88 | +NZ$1,309.90 | +17.80% | |
| Since 2025 | NZ$4,503.18 | +NZ$4,165.59 | +92.50% | |
| Since 2024 | NZ$3,498.27 | +NZ$5,170.50 | +147.80% | |
| Since 2023 | NZ$3,114.77 | +NZ$5,554.00 | +178.31% | |
| Since 2022 | NZ$3,037.16 | +NZ$5,631.61 | +185.42% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | NZ$8,668.77 | NZ$8,979.25 | NZ$8,783.81 | NZ$8,579.70 | Today -310.48 (-3.46%) |
Silver (XAG) | NZ$140.48 | NZ$150.75 | NZ$146.48 | NZ$136.77 | Today -10.27 (-6.81%) |