Gold Spot Price (gold/CAD)
CA$7,000.40
per troy ounce
Gold & Silver
1 oz
CA$7,000.40
1 gr
CA$225.07
1 kg
CA$225,068.01
Prev Close
CA$6,980.80
Open
CA$7,000.40
Day High
CA$7,026.59
Day Low
CA$6,874.89
1 oz
CA$113.93
1 gr
CA$3.66
1 kg
CA$3,662.95
Prev Close
CA$113.44
Open
CA$113.93
Day High
CA$115.39
Day Low
CA$110.93
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: CA$7,000.40/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | CA$7,000.40 | +CA$19.60 | +0.28% | |
| 1 Week | CA$7,152.24 | -CA$151.84 | -2.12% | |
| 1 Month | CA$6,761.99 | +CA$238.42 | +3.53% | |
| 3 Months | CA$5,761.50 | +CA$1,238.91 | +21.50% | |
| 6 Months | CA$4,897.48 | +CA$2,102.93 | +42.94% | |
| 1 Year | CA$3,973.98 | +CA$3,026.42 | +76.16% | |
| Since 2026 | CA$5,922.47 | +CA$1,077.93 | +18.20% | |
| Since 2025 | CA$3,624.19 | +CA$3,376.21 | +93.16% | |
| Since 2024 | CA$2,815.43 | +CA$4,184.97 | +148.64% | |
| Since 2023 | CA$2,506.79 | +CA$4,493.62 | +179.26% | |
| Since 2022 | CA$2,444.33 | +CA$4,556.08 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | CA$7,000.40 | CA$6,980.80 | CA$7,026.59 | CA$6,874.89 | Today +19.60 (+0.28%) |
Silver (XAG) | CA$113.93 | CA$113.44 | CA$115.39 | CA$110.93 | Today +0.49 (+0.43%) |