Market pulse today
What moves gold and what investors follow: metals and oil, the dollar and rates, crypto, world, Arab and emerging indices, and the biggest stocks. Refreshed every 5 minutes.
Recorded prices, refreshing…
Metals & energy
Dollar & rates
Crypto
World indices
Arab markets
Emerging markets
Biggest stocks
What moves the gold price?
The dollar and US rates first: when the dollar index or the 10-year Treasury yield rises, gold tends to fall because it pays no interest, and the reverse when they ease.
Oil, inflation and bitcoin: dearer oil lifts inflation expectations and supports gold; bitcoin competes with it as a haven when markets are tense; stocks usually fall when gold rallies hard.
How each indicator relates to the gold price
Gold pays no interest and no dividend, so its price moves with whatever makes it more or less attractive next to cash, bonds and shares. These are the indicators on this page and the way each has related to gold over decades of trading, with the caveat that any relationship can break on an exceptional day.
The dollar index (DXY) measures the dollar against a basket of major currencies. Because gold is priced in dollars, a stronger dollar makes the ounce dearer for buyers in other currencies, demand softens and gold tends to fall; a weaker dollar does the opposite. This is the strongest and most persistent inverse relationship.
The US 10-year Treasury yield is the "opportunity cost" of holding gold. When the real yield (after inflation) rises, a bond that pays interest beats a metal that pays nothing, and gold weakens; when the yield falls or the market expects rate cuts, gold strengthens. Federal Reserve decisions are the biggest driver of this indicator.
Oil (Brent crude): dearer oil lifts inflation expectations, and gold has long been bought as a hedge against inflation, so the two sometimes rise together; but expensive oil can push central banks to raise rates, which weighs on gold later. The relationship is positive but weaker than the dollar's or the yield's.
The VIX and equities: in a crisis the VIX rises, shares fall and gold is bought as a haven, so the relationship with stocks is inverse on tense days. In calm periods gold and shares can rise together on abundant liquidity, so read the relationship with its context.
Bitcoin is sometimes presented as "digital gold" competing for the haven role, but the correlation is unstable: the two move together in waves of liquidity and part in crises, when bitcoin behaves like a high-risk asset. Watch it as a gauge of risk appetite, not as a substitute.
Silver, platinum and copper: silver usually follows gold with bigger swings in both directions because its market is smaller and carries industrial demand; the gold-to-silver ratio on the home page shows which of the two is cheaper relative to the other. Copper is a gauge of industrial activity, not of gold directly.
Regional and emerging markets: the exchanges of Egypt, Saudi Arabia, the UAE, India and Turkey reflect local liquidity and demand in the markets where physical gold is bought most, and a weakening local currency lifts the gram price there even when the ounce is unchanged.
How to use this page
Read the indicators together, not one by one: a rising dollar with a rising yield is usually pressure on gold; a falling dollar with expected rate cuts is usually support; a geopolitical shock lifts gold and the VIX on the same day. The prices on the page refresh about every five minutes and show the time of the last update. They are for following and understanding, not for recommending: nobody knows tomorrow's direction, and the gold outlook page explains how we read the numbers statistically, without promises.
Frequently asked questions
Why does gold sometimes rise together with the dollar?
In an acute crisis both are bought as safe havens at once, so the inverse relationship pauses and usually resumes when the market calms.
Does a rate cut always lift gold?
Usually, because the cost of holding gold falls, but the market runs ahead of the decision: the rise often happens before the cut, when it is expected, and gold can fall on the day itself if the cut is smaller than hoped.
Which single figure matters most if I buy gold in the Gulf or India?
The dollar ounce price and the dollar against your currency; in pegged countries (Saudi Arabia, the UAE and the rest of the Gulf) following the ounce is enough, and in India, Pakistan or Egypt the exchange rate is added.
Read also
- What moves the gold price: rates, the dollar, inflation, central banks and physical demandThe gold price does not move at random; five main drivers explain most of its movement: the dollar, US interest rates and the real yield, inflation, central-bank buying, and physical demand from jewellery and crises. We explain each driver with examples from recent years and how to read them together.
- How the gold price per gram is calculated from the ounce price, with examples for every karatGold is priced worldwide in dollars per troy ounce, and every gram price in every currency is derived from it by one formula. We walk through it step by step with today's figures for 24K, 22K, 21K, 18K and 14K, and explain why a shop's price differs from the result.
- 24K, 22K, 21K, 18K, 14K and 9K explained: purity, uses and which karat to buyA karat is the share of pure gold in a piece out of 24 parts. We explain what each karat means, why countries favour different karats, how purity drives price, hardness, colour and resale value, and which karat suits saving and which suits wearing.
- Making charges and hallmarks: how they are calculated and how to negotiate themThe making charge is the only negotiable part of a gold price. We explain what it covers, how it is quoted per gram or as a percentage in different markets, what a hallmark is and who strikes it, and how to work out the real making charge in any offer in a minute and negotiate it with numbers.
- Selling scrap gold: what is deducted and why, and how to avoid losing moneyWhen you sell used gold the buyer pays its melt value less a deduction and never refunds the making charge. We explain every deduction one by one, how to compute what you will receive at today's price, when an exchange beats a sale, where to sell, and the mistakes that cost sellers the most.
- The gold pound and the Sovereign: weight, karat, price, and when a coin beats a barThe Egyptian gold pound is 8 grams of 21K, the British Sovereign 7.98 grams of 22K; both are priced by their fine-gold content plus a small premium. We explain how they differ, how they are priced and sold, how they compare with the Krugerrand, the Eagle and the Britannia, and when a coin is the better choice over a bar.