Gold climbs to US$3,200 for first time as recession anxiety mounts

A summary of the most important gold news and analysis of the last week.

Gold price USD/OZ: $3,215.44 [View live gold price.]

Change from last week: $112.68 (3.63%)

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Gold news

• Gold climbs to US$3,200 for first time as recession anxiety mounts

• Gold bolts past $3,200 on dollar slide, safe-haven flows

• Gold hits record high as US-China trade war intensifies, dollar weakens

• 16% YTD surge: gold breaks $3,000 as central banks ditch dollars

• Jim Thorne: US$5,000 gold by 2028? "crazy phase" still to come

• Gold rush unleashed: The global struggle for control over Central Asia’s mineral wealth

🌐 World gold news

🇦🇺 Australia

• Inside Australia's new gold rush as miners cash in on record prices

🇨🇳 China

• PBOC boosts Gold reserves for the fifth consecutive month

"China's Gold reserves stood at $229.59 billion at end-March, compared to $208.64 billion at end-February."

• Shanghai gold premium hits 12-month high as China-US trade war worsens

• China drives record gold ETF inflows as trade war deepens

🇩🇪 Germany

• Germany grows anxious about their 1,200-tonne U.S. gold reserve as transatlantic trade tensions mount

🇬🇭 Ghana

• Editorial: Reaping full benefits of our gold resources

🇮🇳 India

• India's central bank proposes stricter gold loan processes for lenders

🇲🇱 Mali

• Mali state gold mining revenue jumps 52.5% in 2024

🇸🇬 Singapore

🇨🇭 Switzerland

• Swiss gold trade should be excluded from trade balance with US — SNB study

🇦🇪 United Arab Emirates

• Trump tariffs: Perfect time for Indian gold manufacturers to enter Dubai market, says expert

• New gold jewellery and lifestyle hub opens in Dubai

"Hub will help accelerate the sale of gold jewellery and further reinforce Dubai’s position as the City of Gold."

🇬🇧 United Kingdom

 • Gold reserves in London vaults rise 0.1% m/m in March, says LBMA

🇺🇸 United States

• Map shows how much gold countries store in US as Germany mulls exit

🇺🇿 Uzbekistan

• Uzbekistan becomes world’s largest gold seller in February — WGC

"The Central Bank sold 12 tons of the precious metal, surpassing Kazakhstan with 8 tons. Poland led in net gold purchases."

Gold-backed cryptocurrency

• The gold standard is back — Stablecoins need to rethink what ‘backing’ really means

"Gold-backed stablecoins redefine stability in the crypto space by combining blockchain’s transparency with gold’s timeless reliability."

• Kyrgyzstan launches gold-backed stablecoin as a strategic alternative to CBDCs

Read more about gold-backed cryptocurrencies.

Gold Weekly features curated articles from various sources and is not financial advice. For advertising and news submission requests, contact us.