World’s biggest money managers are rebuilding gold positions

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

Gold price: $4,331.99 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$138.03 (-3.09%)

This week’s summary of gold news and analysis.

• World’s biggest money managers are rebuilding gold positions (archive) [Bloomberg]

• Central banks piled in more gold in July [GoldSeek]

• Central bank gold moves are about repatriation, not liquidation – StoneX’s O’Connell [Kitco]

• Gold’s monetary rediscovery: the bull market is the symptom, not the story [BullionStar]

• U.S. Treasury's interventions show weakness: ‘Incredibly bullish for gold’ – Adrian Day [Mining Discovery]

• Control of the gold market is moving [Investor Ideas]

"Richard Mills traces how central bank gold buying has shifted from Western sellers to aggressive Eastern hoarders, and why most of the West's own bullion may not even qualify as tradable."

• Gold is more than ‘a tactical expression of the next Fed decision’ and pullbacks are opportunities to ‘build strategic exposure’ – UBS [Kitco]

• Precious metal price forecasts 2026: gold, silver platinum and palladium [BullionVault]

"Will human forecasts or AI predictions prove most accurate for precious metals in 2026...?"

• Gold price forecast, prediction: these analysts raise target to $5,000 [Exchange Rates UK]

• Gold at $15,000: Fantasy, forecast - or warning? [Kitco]

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Gold news from a global perspective.

• China central bank adds most gold since 2023 even as prices jump (archive) [Bloomberg]

• Golden opportunity: can China lure European central bank gold reserves from US? [SCMP]
"Geopolitical tensions and US dollar concerns have seen Shanghai and Hong Kong step up efforts to build gold storage infrastructure."

• Egypt’s gold refining ambition: unlocking value [Egypt Oil & Gas]

• Ghana tightens gold exports in push to keep more value at home [GhanaWeb]

• Indians ignore government pleas to stop buying gold [FXStreet]

• Smuggled gold sells Rs 8,000 cheaper per 10g as import duty rises from 6% to 15%; over 100 tonnes could enter India this year despite DRI crackdown [The Times of India]

• Chinese man detained at Bali Airport with 10.4 kg of gold strapped to his body [Jakarta Globe]

• NBP Governor Glapinski says Poland's gold reserves have increased to 648 tonnes and plans to raise its reserve to 700 tonnes [newsquawk]

• Asia’s ultra-rich are moving their money. Here’s where it’s going [CNBC]

"Asia’s ultra-rich are increasingly willing to tap into new asset classes, gold is leaving Dubai for Singapore and wealthy Chinese are flocking to Malaysia, the Singapore CEO of Malayan Bank Bhd said."

• Spain faces dilemma of what to do with its gold deposited at the US Federal Reserve [EL PAÍS English]

• Switzerland bans Sudanese gold imports [Miningmx]

• It increased by 23% in a year. 35.64 billion dirhams is the balance of the UAE Central Bank in gold at the end of July [Voice Of Emirates]

• Why are European countries moving their gold out of North America? [BBC]

• Who owns California's gold? [Reason]

"The Gold Rush was not only a scramble for wealth. It was also a scramble for property rights."

• Vietnamese elderly scrap collector finds gold jewelry bag, takes it to police [Tuoi Tre News]

• Buy and sell gold with cryptocurrencies with low fees, secured and insured in professional vaults. (sponsor)

• Crypto’s gold rush: why did tokenized gold return as a hot asset? [Crypto News]

Read more about gold-backed cryptocurrencies.

Gold Weekly features curated articles from various sources and is not financial advice.

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