Microsoft have overnight announced a significant increase to the USD price of Xbox live gold
They have not released local pricing but have announced the price increase will affect every single market where live gold is sold.
They have also confirmed the final nail in the coffin for 12 month subscriptions and game cards in every market. (From Feb onwards, existing cards in the retail market will remain available until sold out)
New USD prices
1 month – $10.99 USD ($14 AUD)
3 months – $29.99 USD ($38.86 AUD)
6 months – $59.99 USD ($77.77 AUD)
Those currently on a subscription are not affected until their current time expires.
Games pass / games pass ultimate prices are not affected.
23-Jan-2021 6:00pM AEDT Update at Microsoft
UPDATED on 1/22/2021 at 8:52 PM PT]
We messed up today and you were right to let us know. Connecting and playing with friends is a vital part of gaming and we failed to meet the expectations of players who count on it every day. As a result, we have decided not to change Xbox Live Gold pricing.
We’re turning this moment into an opportunity to bring Xbox Live more in line with how we see the player at the center of their experience. For free-to-play games, you will no longer need an Xbox Live Gold membership to play those games on Xbox. We are working hard to deliver this change as soon as possible in the coming months.
If you are an Xbox Live Gold member already, you stay at your current price for renewal. New and existing members can continue to enjoy Xbox Live Gold for the same prices they pay today. In the US, $9.99 for 1-month, $24.99 for 3-months, $39.99 for 6-months and $59.99 for retail 12-months.