Gold Spot Price (gold/CAD)
CA$7,028.38
per troy ounce
Gold & Silver
1 oz
CA$7,028.38
1 gr
CA$225.97
1 kg
CA$225,967.38
Prev Close
CA$7,269.30
Open
CA$7,028.38
Day High
CA$7,111.08
Day Low
CA$6,945.83
1 oz
CA$114.30
1 gr
CA$3.67
1 kg
CA$3,674.92
Prev Close
CA$122.04
Open
CA$114.30
Day High
CA$118.59
Day Low
CA$110.72
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: CA$7,028.38/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CA$7,028.38 | -CA$240.92 | -3.31% | |
| 1 Week | CA$7,138.53 | -CA$110.15 | -1.54% | |
| 1 Month | CA$6,762.36 | +CA$266.02 | +3.93% | |
| 3 Months | CA$5,795.57 | +CA$1,232.81 | +21.27% | |
| 6 Months | CA$4,926.44 | +CA$2,101.94 | +42.67% | |
| 1 Year | CA$3,989.28 | +CA$3,039.09 | +76.18% | |
| Since 2026 | CA$5,957.49 | +CA$1,070.88 | +17.98% | |
| Since 2025 | CA$3,645.62 | +CA$3,382.76 | +92.79% | |
| Since 2024 | CA$2,832.08 | +CA$4,196.29 | +148.17% | |
| Since 2023 | CA$2,521.61 | +CA$4,506.77 | +178.73% | |
| Since 2022 | CA$2,458.78 | +CA$4,569.60 | +185.85% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CA$7,028.38 | CA$7,269.30 | CA$7,111.08 | CA$6,945.83 | Today -240.92 (-3.31%) |
Silver (XAG) | CA$114.30 | CA$122.04 | CA$118.59 | CA$110.72 | Today -7.74 (-6.34%) |