Gold Spot Price (gold/HKD)
HK$40,244.31
per troy ounce
Gold & Silver
1 oz
HK$40,244.31
1 gr
HK$1,293.88
1 kg
HK$1,293,883.78
Prev Close
HK$41,602.71
Open
HK$40,244.31
Day High
HK$40,697.20
Day Low
HK$39,751.52
1 oz
HK$654.73
1 gr
HK$21.05
1 kg
HK$21,049.94
Prev Close
HK$698.46
Open
HK$653.77
Day High
HK$678.68
Day Low
HK$633.68
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: HK$40,244.31/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | HK$40,244.31 | -HK$1,358.40 | -3.27% | |
| 1 Week | HK$40,854.33 | -HK$610.02 | -1.49% | |
| 1 Month | HK$38,701.47 | +HK$1,542.84 | +3.99% | |
| 3 Months | HK$33,168.44 | +HK$7,075.87 | +21.33% | |
| 6 Months | HK$28,194.35 | +HK$12,049.96 | +42.74% | |
| 1 Year | HK$22,830.96 | +HK$17,413.36 | +76.27% | |
| Since 2026 | HK$34,095.18 | +HK$6,149.14 | +18.04% | |
| Since 2025 | HK$20,864.15 | +HK$19,380.17 | +92.89% | |
| Since 2024 | HK$16,208.21 | +HK$24,036.10 | +148.30% | |
| Since 2023 | HK$14,431.36 | +HK$25,812.95 | +178.87% | |
| Since 2022 | HK$14,071.77 | +HK$26,172.54 | +185.99% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | HK$40,244.31 | HK$41,602.71 | HK$40,697.20 | HK$39,751.52 | Today -1358.40 (-3.27%) |
Silver (XAG) | HK$654.73 | HK$698.46 | HK$678.68 | HK$633.68 | Today -43.74 (-6.26%) |