Gold Spot Price (gold/USD)
$5,140.70
per troy ounce
Gold & Silver
1 oz
$5,140.70
1 gr
$165.28
1 kg
$165,277.06
Prev Close
$5,140.95
Open
$5,140.70
Day High
$5,171.70
Day Low
$5,062.95
1 oz
$84.13
1 gr
$2.70
1 kg
$2,704.71
Prev Close
$83.54
Open
$84.13
Day High
$84.98
Day Low
$81.69
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: $5,140.70/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | $5,140.70 | -$0.25 | -0.00% | |
| 1 Week | $5,267.20 | -$126.51 | -2.40% | |
| 1 Month | $4,979.80 | +$160.90 | +3.23% | |
| 3 Months | $4,243.00 | +$897.70 | +21.16% | |
| 6 Months | $3,606.70 | +$1,534.00 | +42.53% | |
| 1 Year | $2,926.60 | +$2,214.10 | +75.65% | |
| Since 2026 | $4,361.55 | +$779.15 | +17.86% | |
| Since 2025 | $2,669.00 | +$2,471.70 | +92.61% | |
| Since 2024 | $2,073.40 | +$3,067.30 | +147.94% | |
| Since 2023 | $1,846.10 | +$3,294.60 | +178.46% | |
| Since 2022 | $1,800.10 | +$3,340.60 | +185.58% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | $5,140.70 | $5,140.95 | $5,171.70 | $5,062.95 | Today -0.25 (-0.00%) |
Silver (XAG) | $84.13 | $83.54 | $84.98 | $81.69 | Today +0.58 (+0.70%) |