Gold Spot Price (gold/NZD)
NZ$8,681.03
per troy ounce
Gold & Silver
1 oz
NZ$8,681.03
1 gr
NZ$279.10
1 kg
NZ$279,101.25
Prev Close
NZ$8,974.17
Open
NZ$8,681.03
Day High
NZ$8,778.85
Day Low
NZ$8,574.85
1 oz
NZ$141.38
1 gr
NZ$4.55
1 kg
NZ$4,545.62
Prev Close
NZ$150.67
Open
NZ$141.23
Day High
NZ$146.40
Day Low
NZ$136.69
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: NZ$8,681.03/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | NZ$8,681.03 | -NZ$293.15 | -3.27% | |
| 1 Week | NZ$8,812.74 | -NZ$131.71 | -1.49% | |
| 1 Month | NZ$8,348.34 | +NZ$332.68 | +3.98% | |
| 3 Months | NZ$7,154.81 | +NZ$1,526.22 | +21.33% | |
| 6 Months | NZ$6,081.84 | +NZ$2,599.19 | +42.74% | |
| 1 Year | NZ$4,924.90 | +NZ$3,756.13 | +76.27% | |
| Since 2026 | NZ$7,354.71 | +NZ$1,326.31 | +18.03% | |
| Since 2025 | NZ$4,500.63 | +NZ$4,180.39 | +92.88% | |
| Since 2024 | NZ$3,496.29 | +NZ$5,184.73 | +148.29% | |
| Since 2023 | NZ$3,113.01 | +NZ$5,568.02 | +178.86% | |
| Since 2022 | NZ$3,035.44 | +NZ$5,645.59 | +185.99% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | NZ$8,681.03 | NZ$8,974.17 | NZ$8,778.85 | NZ$8,574.85 | Today -293.15 (-3.27%) |
Silver (XAG) | NZ$141.38 | NZ$150.67 | NZ$146.40 | NZ$136.69 | Today -9.28 (-6.16%) |