Gold Spot Price (gold/SGD)
SGD 6,563.45
per troy ounce
Gold & Silver
1 oz
SGD 6,563.45
1 gr
SGD 211.02
1 kg
SGD 211,019.53
Prev Close
SGD 6,784.87
Open
SGD 6,563.45
Day High
SGD 6,637.19
Day Low
SGD 6,482.96
1 oz
SGD 106.69
1 gr
SGD 3.43
1 kg
SGD 3,430.13
Prev Close
SGD 113.91
Open
SGD 106.69
Day High
SGD 110.68
Day Low
SGD 103.35
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: SGD 6,563.45/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | SGD 6,563.45 | -SGD 221.42 | -3.26% | |
| 1 Week | SGD 6,662.82 | -SGD 99.37 | -1.49% | |
| 1 Month | SGD 6,311.71 | +SGD 251.73 | +3.99% | |
| 3 Months | SGD 5,409.35 | +SGD 1,154.10 | +21.34% | |
| 6 Months | SGD 4,598.14 | +SGD 1,965.31 | +42.74% | |
| 1 Year | SGD 3,723.44 | +SGD 2,840.01 | +76.27% | |
| Since 2026 | SGD 5,560.49 | +SGD 1,002.96 | +18.04% | |
| Since 2025 | SGD 3,402.67 | +SGD 3,160.77 | +92.89% | |
| Since 2024 | SGD 2,643.35 | +SGD 3,920.09 | +148.30% | |
| Since 2023 | SGD 2,353.57 | +SGD 4,209.88 | +178.87% | |
| Since 2022 | SGD 2,294.92 | +SGD 4,268.52 | +186.00% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | SGD 6,563.45 | SGD 6,784.87 | SGD 6,637.19 | SGD 6,482.96 | Today -221.42 (-3.26%) |
Silver (XAG) | SGD 106.69 | SGD 113.91 | SGD 110.68 | SGD 103.35 | Today -7.22 (-6.34%) |