https://www.instagram.com/vanessaclarkipaiThis is your Daily Gold Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Gold Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on gold prices, whats driving the market, and some smart tips to help you navigate it all.
Right now, spot gold is trading at around $5,187 per ounce, down about 1% on the day according to USA Gold reports. Its pulling back from recent highs after a wild ride, with silver dipping even more to $86 an ounce. In Indonesia, Antam gold rose to 3.09 million rupiah per gram, up 1.3% daily per Databoks, while buyback sits at 2.8 million. Over in Thailand, gold bars are selling at about 77,800 baht as shared in recent YouTube updates. Times of India notes steady rates across Indian cities too.
This dip comes amid Middle East tensions, like US-Iran conflicts blocking oil routes and pushing crude over $115 a barrel, per market analysts at Anand Rathi. That fuels inflation worries, delaying Fed rate cuts and pressuring gold short-term. But experts see a slight positive bias, with supports at $5,015 and upside potential to $5,370 if US CPI data today surprises lower. Chinas refining costs are exploding too, which could mean higher premiums for physical buyers soon.
Herere a few takeaways for you: If youre holding gold, hang tight through this consolidation, but watch $5,140 as key support, says Kitco analyst Jim Wyckoff. New to investing? Consider buying on dips near $5,200 for a potential rebound, and diversify with physical bars over futures to avoid volatility. Track global cues like oil and dollars daily.
Thanks for joining me today, pals. Hit subscribe, tune in tomorrow for more gold insights, and lets keep stacking those wins together. See you soon!
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