Gold Spot Price (gold/GBP)
£3,845.74
per troy ounce
Gold & Silver
1 oz
£3,845.74
1 gr
£123.64
1 kg
£123,643.19
Prev Close
£3,986.14
Open
£3,845.74
Day High
£3,899.38
Day Low
£3,808.77
1 oz
£62.39
1 gr
£2.01
1 kg
£2,006.01
Prev Close
£66.92
Open
£62.39
Day High
£65.03
Day Low
£60.72
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: £3,845.74/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,845.74 | -£140.41 | -3.52% | |
| 1 Week | £3,914.44 | -£68.70 | -1.76% | |
| 1 Month | £3,708.16 | +£137.57 | +3.71% | |
| 3 Months | £3,178.02 | +£667.72 | +21.01% | |
| 6 Months | £2,701.43 | +£1,144.31 | +42.36% | |
| 1 Year | £2,187.54 | +£1,658.20 | +75.80% | |
| Since 2026 | £3,266.81 | +£578.92 | +17.72% | |
| Since 2025 | £1,999.09 | +£1,846.65 | +92.37% | |
| Since 2024 | £1,552.98 | +£2,292.75 | +147.64% | |
| Since 2023 | £1,382.73 | +£2,463.00 | +178.13% | |
| Since 2022 | £1,348.28 | +£2,497.46 | +185.23% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,845.74 | £3,986.14 | £3,899.38 | £3,808.77 | Today -140.41 (-3.52%) |
Silver (XAG) | £62.39 | £66.92 | £65.03 | £60.72 | Today -4.53 (-6.77%) |