Gold Spot Price (gold/GBP)
£3,847.55
per troy ounce
Gold & Silver
1 oz
£3,847.55
1 gr
£123.70
1 kg
£123,701.56
Prev Close
£3,979.44
Open
£3,847.55
Day High
£3,892.82
Day Low
£3,802.37
1 oz
£62.57
1 gr
£2.01
1 kg
£2,011.77
Prev Close
£66.81
Open
£62.57
Day High
£64.92
Day Low
£60.61
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: £3,847.55/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,847.55 | -£131.89 | -3.31% | |
| 1 Week | £3,907.85 | -£60.30 | -1.54% | |
| 1 Month | £3,701.92 | +£145.63 | +3.93% | |
| 3 Months | £3,172.67 | +£674.88 | +21.27% | |
| 6 Months | £2,696.88 | +£1,150.67 | +42.67% | |
| 1 Year | £2,183.86 | +£1,663.69 | +76.18% | |
| Since 2026 | £3,261.32 | +£586.23 | +17.98% | |
| Since 2025 | £1,995.73 | +£1,851.83 | +92.79% | |
| Since 2024 | £1,550.37 | +£2,297.18 | +148.17% | |
| Since 2023 | £1,380.41 | +£2,467.14 | +178.73% | |
| Since 2022 | £1,346.01 | +£2,501.54 | +185.85% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,847.55 | £3,979.44 | £3,892.82 | £3,802.37 | Today -131.89 (-3.31%) |
Silver (XAG) | £62.57 | £66.81 | £64.92 | £60.61 | Today -4.24 (-6.34%) |