Published: August 10, 2026
24h Change: +0.89%
Source: XAU/USD spot market · LME · 11:25 WIB
At 11:25 WIB, gold price (XAU/USD) was recorded at approximately $2,345.67 per troy ounce, up 0.89% in the last 24 hours. Comparison with silver shows a positive correlation of 0.78, while oil shows a negative correlation of -0.35. Technical analysis indicates support at $2,308.45 and resistance at $2,392.15.
| Level | Price | Details |
|---|---|---|
| Resistance | $2,392.15 | Upper level that needs to be broken for move to $2,425.00 |
| Current Price | $2,345.67 | Spot XAU/USD price |
| Support | $2,308.45 | Lower support level, critical for traders |
| Silver | $28.45/oz | Positive correlation 0.78 with gold |
| Oil | $81.20/bbl | Negative correlation -0.35 with gold |
Silver shows a positive correlation of 0.78 with gold, meaning silver price movements tend to follow gold's direction. Oil shows a negative correlation of -0.35, meaning rising oil prices tend to decrease gold demand as a safe-haven asset.
FAQ 1: What is the difference between spot gold price and LME gold price?
Answer: Spot gold price is the immediate market price in the physical market, while LME gold price is the price traded on London Metal Exchange electronically. Both prices are usually close but can differ due to logistics and physical demand.
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Spot gold price is the immediate market price in the physical market, while LME gold price is the price traded on London Metal Exchange electronically. Both prices are usually close but can differ due to logistics and physical demand.
Correlation can be calculated using historical daily price data for the last 30 days. A correlation value of 0.78 indicates a strong positive relationship between the two.