Gold Spot Price (gold/AUD)
A$7,283.87
per troy ounce
Gold & Silver
1 oz
A$7,283.87
1 gr
A$234.18
1 kg
A$234,181.62
Prev Close
A$7,528.56
Open
A$7,283.87
Day High
A$7,364.69
Day Low
A$7,193.56
1 oz
A$118.54
1 gr
A$3.81
1 kg
A$3,811.04
Prev Close
A$126.40
Open
A$118.54
Day High
A$122.82
Day Low
A$114.67
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: A$7,283.87/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | A$7,283.87 | -A$244.69 | -3.25% | |
| 1 Week | A$7,393.13 | -A$109.26 | -1.48% | |
| 1 Month | A$7,003.54 | +A$280.33 | +4.00% | |
| 3 Months | A$6,002.27 | +A$1,281.60 | +21.35% | |
| 6 Months | A$5,102.14 | +A$2,181.73 | +42.76% | |
| 1 Year | A$4,131.56 | +A$3,152.31 | +76.30% | |
| Since 2026 | A$6,169.97 | +A$1,113.90 | +18.05% | |
| Since 2025 | A$3,775.64 | +A$3,508.23 | +92.92% | |
| Since 2024 | A$2,933.09 | +A$4,350.78 | +148.33% | |
| Since 2023 | A$2,611.54 | +A$4,672.32 | +178.91% | |
| Since 2022 | A$2,546.47 | +A$4,737.40 | +186.04% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | A$7,283.87 | A$7,528.56 | A$7,364.69 | A$7,193.56 | Today -244.69 (-3.25%) |
Silver (XAG) | A$118.54 | A$126.40 | A$122.82 | A$114.67 | Today -7.86 (-6.22%) |