Gold Spot Price (gold/GBP)
£3,333.90
per troy ounce
Gold & Silver
1 oz
£3,333.90
1 gr
£107.19
1 kg
£107,187.34
Prev Close
£3,342.50
Open
£3,333.90
Day High
£3,362.97
Day Low
£3,295.04
1 oz
£55.07
1 gr
£1.77
1 kg
£1,770.49
Prev Close
£55.95
Open
£55.07
Day High
£55.91
Day Low
£53.97
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 $4,480–$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: £3,333.90/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,333.90 | -£8.59 | -0.26% | |
| 1 Week | £3,347.15 | -£13.25 | -0.40% | |
| 1 Month | £3,366.11 | -£32.21 | -0.96% | |
| 3 Months | £3,846.38 | -£512.48 | -13.32% | |
| 6 Months | £3,160.06 | +£173.84 | +5.50% | |
| 1 Year | £2,531.62 | +£802.28 | +31.69% | |
| Since 2026 | £3,248.35 | +£85.55 | +2.63% | |
| Since 2025 | £1,987.79 | +£1,346.11 | +67.72% | |
| Since 2024 | £1,544.21 | +£1,789.69 | +115.90% | |
| Since 2023 | £1,374.92 | +£1,958.98 | +142.48% | |
| Since 2022 | £1,340.66 | +£1,993.24 | +148.68% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,333.90 | £3,342.50 | £3,362.97 | £3,295.04 | Today -8.59 (-0.26%) |
Silver (XAG) | £55.07 | £55.95 | £55.91 | £53.97 | Today -0.88 (-1.58%) |