https://www.instagram.com/vanessaclarkipaiThis is your Gold podcast.
Hey everyone, welcome to another episode of Daily Gold Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on gold prices, fresh market moves, and what it all means for you.
Right now, as we kick off the trading week, the spot price for gold is sitting at $4,656 per ounce, down about $28 from Friday's close. That's according to the latest from Natural Resource Stocks, showing a dip under moderate selling pressure. Per gram, it's $149.71, and per kilo, around $149,708. We've seen some volatility this month after a tough March where gold dropped 14%, hit by stronger dollars, rising bond yields, and oil spiking over $100 a barrel.
But here's the bright spot: UBS is calling this a prime buying opportunity. They stick to their bullish forecast, eyeing averages of $5,000 an ounce this year, $4,800 in 2027, and $4,250 in 2028. Long-term drivers like central bank buying and ETF inflows are holding strong, even as futures traders pull back a bit.
Looking ahead, keep an eye on Fed minutes this week, CPI data on the 10th, and jobs numbers later. Softer inflation or jobs could spark a rebound. Technically, gold's bouncing above $4,600, flirting with that key 50-week moving average for a potential hammer reversal.
Quick tip for you gold trackers: If you're holding, this pullback might be your dip to buy, but watch those yields—under 4.30% on the 10-year could fuel the next rally. Stay savvy out there.
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