Gold Pushes Toward Highs as Sharemarkets Stumble – Weekly Wrap (6 August 2025)

Gold Climbs, NZD Drops – Sharemarket Risks Remind Why Gold Matters | 5 Aug 2025

Estimated reading time: 3 minutes

Weekly Price Overview – 5 August 2025

Gold bounced back strongly this week, while silver showed signs of divergence between currencies.

NZD gold is again approaching all-time highs, while USD silver pulled back after hitting resistance.

🟡 NZD gold jumped $174 to $5,767.42 (+3.11%), breaking back above the green uptrend line and pushing toward the previous highs. USD gold rose $56 to $3,383.75 (+1.67%), bouncing off the lower boundary of its sideways consolidation and nearing the upper channel.

⚪ NZD silver climbed $0.44 to $64.87 (+0.68%), holding above the $62.50 breakout zone and offering buying dips near support. USD silver slipped $0.28 to $38.06 (-0.72%), pulling back from near-term resistance at $38.50, but still looking bullish longer term.

💱 The NZD weakened -1.39% to 0.5867, falling below its 200-day moving average. While the short-term move is bearish, long-term momentum still suggests a higher Kiwi ahead.

📈 Technicals remain constructive. Gold is testing resistance after strong gains, and silver may offer near-term buying opportunities—especially in NZD terms.

The Best Gold Bars to Buy in 2025? Here’s What to Know

From cast to minted, small to large, local to international—there are more options than ever. But which bar makes the most sense for your goals? Whether you’re prepping for barter, investing long-term, or seeking storage flexibility, this week’s featured article breaks it down so you don’t get burned—or overpay.

Read: What Type of Gold Bar Should I Buy? The 2025 Ultimate Guide

Chart of the Week: The Trap of the First Drop

With markets wobbling on the latest tariff announcements, this chart from Patrick Karim is a timely reminder: the first crash isn’t always the worst.

The 2008 GFC saw seven failed rallies before the real bottom hit. In bear markets, false hope can be more dangerous than fear.

Don’t let short-term rebounds blind you to long-term risk.

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Meanwhile, precious metals look poised to break out of consolidation. Have you got enough wealth insurance in place?

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Glenn Thomas

Author at Gold Survival Guide

Glenn Thomas is the co-founder of Gold Survival Guide, which he launched in 2009 after years of active involvement as an investor in the precious metals markets. With over 20 years of experience in the sector, Glenn has become a trusted authority on gold and silver investing. Since 2011, he has written and published a weekly gold and silver newsletter, with over 650 editions and counting. Additionally, he is also the author of more than 300 blog posts covering the why, what, when and how of buying gold and silver. As a result he is the creator of new Zealand's most comprehensive repository of precious metals investment information.

Glenn's dedication to educating individuals on wealth protection through precious metals has helped over 2400 clients from New Zealand, Australia, USA and Europe to safeguard their financial futures. Passionate about financial independence and lifestyle freedom, Glenn’s mission is to empower others with the knowledge and tools to thrive in today’s volatile economic environment. When he's not advising on precious metals, Glenn enjoys spending time with his family and pursuing outdoor adventures.

Education: University of Auckland Bachelor of Science
Linkedin: https://www.linkedin.com/in/glenn-thomas-0984a4310/

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