Gold Spot Price (gold/CNY)
CN¥35,514.28
per troy ounce
Gold & Silver
1 oz
CN¥35,514.28
1 gr
CN¥1,141.81
1 kg
CN¥1,141,809.76
Prev Close
CN¥36,707.32
Open
CN¥35,514.28
Day High
CN¥35,908.36
Day Low
CN¥35,073.95
1 oz
CN¥577.95
1 gr
CN¥18.58
1 kg
CN¥18,581.64
Prev Close
CN¥616.28
Open
CN¥577.95
Day High
CN¥598.82
Day Low
CN¥559.12
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: CN¥35,514.28/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CN¥35,514.28 | -CN¥1,193.04 | -3.25% | |
| 1 Week | CN¥36,047.00 | -CN¥532.72 | -1.48% | |
| 1 Month | CN¥34,147.46 | +CN¥1,366.82 | +4.00% | |
| 3 Months | CN¥29,265.51 | +CN¥6,248.77 | +21.35% | |
| 6 Months | CN¥24,876.72 | +CN¥10,637.56 | +42.76% | |
| 1 Year | CN¥20,144.44 | +CN¥15,369.84 | +76.30% | |
| Since 2026 | CN¥30,083.19 | +CN¥5,431.09 | +18.05% | |
| Since 2025 | CN¥18,409.06 | +CN¥17,105.22 | +92.92% | |
| Since 2024 | CN¥14,300.99 | +CN¥21,213.29 | +148.33% | |
| Since 2023 | CN¥12,733.22 | +CN¥22,781.06 | +178.91% | |
| Since 2022 | CN¥12,415.94 | +CN¥23,098.34 | +186.04% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CN¥35,514.28 | CN¥36,707.32 | CN¥35,908.36 | CN¥35,073.95 | Today -1193.04 (-3.25%) |
Silver (XAG) | CN¥577.95 | CN¥616.28 | CN¥598.82 | CN¥559.12 | Today -38.32 (-6.22%) |