Gold Spot Price (gold/GBP)
£3,334.85
per troy ounce
Gold & Silver
1 oz
£3,334.85
1 gr
£107.22
1 kg
£107,217.90
Prev Close
£3,341.62
Open
£3,334.85
Day High
£3,362.08
Day Low
£3,294.17
1 oz
£55.09
1 gr
£1.77
1 kg
£1,771.34
Prev Close
£55.94
Open
£55.09
Day High
£55.90
Day Low
£53.95
Current Situation
Gold prices rose nearly 1% on June 4 after an Israel-Lebanon ceasefire deal eased Middle East tensions, though gains remain limited by expectations of higher U.S. interest rates.
Key Drivers
- The ceasefire reduced immediate geopolitical risk, supporting a modest recovery in gold.
- Bets on U.S. rate hikes, fueled by strong jobs data and energy inflation, continue to weigh on prices.
- A stronger dollar and shifting oil prices are adding further downward pressure.
Short-Term Outlook (1-7 days)
Near-term sentiment stays bearish, with prices holding below the 21-day moving average and facing resistance around $4,480–$4,485. Direction will likely hinge on the upcoming U.S. jobs report.
Long-Term Outlook (1-3 months)
Broader trends remain mixed. Persistent rate-hike expectations and a firm dollar could cap gains, while any renewed geopolitical flare-ups may provide support.
What to Watch
- U.S. employment data and its impact on Federal Reserve policy expectations.
- Developments in Iran-related tensions and any risks to oil transit through the Strait of Hormuz.
Current price: £3,334.85/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,334.85 | -£6.76 | -0.20% | |
| 1 Week | £3,346.27 | -£11.42 | -0.34% | |
| 1 Month | £3,365.22 | -£30.37 | -0.90% | |
| 3 Months | £3,845.37 | -£510.51 | -13.28% | |
| 6 Months | £3,159.23 | +£175.62 | +5.56% | |
| 1 Year | £2,530.96 | +£803.89 | +31.76% | |
| Since 2026 | £3,247.50 | +£87.35 | +2.69% | |
| Since 2025 | £1,987.27 | +£1,347.58 | +67.81% | |
| Since 2024 | £1,543.80 | +£1,791.05 | +116.02% | |
| Since 2023 | £1,374.56 | +£1,960.29 | +142.61% | |
| Since 2022 | £1,340.31 | +£1,994.54 | +148.81% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,334.85 | £3,341.62 | £3,362.08 | £3,294.17 | Today -6.76 (-0.20%) |
Silver (XAG) | £55.09 | £55.94 | £55.90 | £53.95 | Today -0.84 (-1.50%) |