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Gold3,886+0.0%Gold A$5,737+0.5%Copper6.090-1.5%Silver49.12-1.7%AUD/USD0.6774-0.5%US dollar103.41+0.2%US 10Y5.154+1.0%Oil88.56-0.2%ASX Gold18,101-2.5%ASX 2009,082-0.7%ASX Mining7,833-1.6%GDX81.64-0.2%GDXJ99.02-0.6%COPX69.23-2.5%NST$25.39-2.8%EVN$13.02-2.9%SFR$19.48-3.9%PRU$6.35-1.7%GMD$7.05-4.7%GGP$10.36-2.9%RMS$3.68-2.7%CMM$13.63-1.7%WGX$5.71-1.7%RRL$6.65-1.8%

Markets

Gold (COMEX futures)

The price every gold miner sells at. A miner's margin is the gold price less its all-in sustaining cost (AISC), so a 10% move in gold can move a producer's profit by far more than 10% - which is why gold stocks move harder than gold itself.

Last3,886US$/oz - yesterday
Day+0.0%
1 month-6.8%
1 year-7.4%
52-week range3,857 - 5,586
$3,885$4,363$4,841$5,318Nov 202513 Nov 2026

What drives the gold price

  • Real interest rates - gold pays no yield, so falling real yields make it more attractive (US 10-year).
  • The US dollar - a weaker dollar usually means a stronger gold price (DXY).
  • Central bank buying and ETF flows.
  • Fear - geopolitical or financial stress sends money to safety.

For ASX miners, convert it: see gold in A$. What moves gold stocks.

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