Gold Spot Price (gold/GBP)
£3,418.13
per troy ounce
Gold & Silver
1 oz
£3,418.13
1 gr
£109.90
1 kg
£109,895.22
Prev Close
£3,392.73
Open
£3,418.13
Day High
£3,422.15
Day Low
£3,347.73
1 oz
£58.20
1 gr
£1.87
1 kg
£1,871.30
Prev Close
£56.78
Open
£58.20
Day High
£58.27
Day Low
£55.20
Current Situation
Gold is trading lower near $4,542 after slipping to a 1.5-month low. A stronger US dollar and rising Treasury yields are weighing on prices as investors adjust to hotter inflation data and reduced odds of near-term Fed rate cuts.
Key Drivers
- Stronger US dollar and higher Treasury yields are pushing gold down amid fresh inflation concerns, according to recent reports from Trading Economics and Reuters.
- Hotter US inflation readings and a surge in oil prices tied to Middle East tensions have lifted expectations for possible Fed rate hikes, trimming earlier rate-cut bets.
- Market chatter on X highlights gold retesting daily supply zones around $4,560 amid dollar strength.
Short-Term Outlook (1-7 days)
Prices are likely to stay under pressure while the dollar remains firm. Key levels to watch include support near $4,540–$4,550 and resistance around $4,600. A break below current lows could extend the pullback.
Long-Term Outlook (1-3 months)
The broader trend remains constructive. UBS sees potential for gold to reach $5,900 on US political uncertainty and tariff risks, while JPMorgan forecasts a move toward $5,000 by late 2026.
What to Watch
Upcoming US CPI and PPI releases, developments in Trump-Xi trade talks, and any escalation in Iran-related tensions could quickly shift sentiment and volatility.
Current price: £3,418.13/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,418.13 | +£25.40 | +0.75% | |
| 1 Week | £3,561.83 | -£143.71 | -4.03% | |
| 1 Month | £3,552.35 | -£134.23 | -3.78% | |
| 3 Months | £3,743.05 | -£324.92 | -8.68% | |
| 6 Months | £3,064.75 | +£353.38 | +11.53% | |
| 1 Year | £2,410.88 | +£1,007.24 | +41.78% | |
| Since 2026 | £3,258.91 | +£159.22 | +4.89% | |
| Since 2025 | £1,994.25 | +£1,423.88 | +71.40% | |
| Since 2024 | £1,549.22 | +£1,868.90 | +120.63% | |
| Since 2023 | £1,379.39 | +£2,038.74 | +147.80% | |
| Since 2022 | £1,345.02 | +£2,073.11 | +154.13% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,418.13 | £3,392.73 | £3,422.15 | £3,347.73 | Today +25.40 (+0.75%) |
Silver (XAG) | £58.20 | £56.78 | £58.27 | £55.20 | Today +1.42 (+2.50%) |