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- Gold price passes $3,600 for the first time
Gold price passes $3,600 for the first time
[Gold Newsletter #280] Gold Price: $3,653.03 News: Gold price surpasses inflation-adjusted record high set in 1980, China extends gold-buying streak as central banks seek US dollar alternatives. Gold price forecasts: $3,800 to $4,400.
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Gold price
Gold price: $3,653.03 $XAUUSD ( 0.0% ) [View live gold price.]
Change from last week: $95.73 (2.69%)
Gold news
This week’s summary of gold news and analysis.
• Gold’s next gear: 3 charts every serious investor should see [Katusa Research]
🔮 Gold price forecasts
• Gold’s record run: why $4,000 could arrive sooner than you think [Seeking Alpha]
• Why gold may soon surge to $4,400 [Kitco]
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🌐 World gold news
Gold news from a global perspective.
🇦🇺 Australia
• Mint condition: the price of gold has hit a record high – and Australians are flocking to cash in [The Guardian]
🇧🇴 Bolivia
• Bolivia raises $589 million against future gold deliveries (archive) [Bloomberg]
🇨🇳 China
• China's central bank buys gold in August for 10th consecutive month [Business Standard]
🇸🇻 El Salvador
• El Salvador adds 14,000 troy ounces of gold after bitcoin accumulation pause, total holdings hit $207M [cryptonews]
🇬🇭 Ghana
• Bank of Ghana boosts gold reserves by nearly 39% in one year [Modern Ghana]
🇮🇳 India
• India’s RBI cut US debt, bought gold even before Trump’s tariffs [The Business Times]
"Central banks have been boosting gold purchases to reduce their risks to the US dollar as global growth becomes more uncertain."
🇮🇷 Iran
• Iran’s central bank reports 37% growth in gold reserves, trade surplus reaches $26.8 Billion [Borna News]
🇱🇦 Laos
• Festival marks new era in Laos' gold industry [The Star]
"The inaugural Laos Gold Festival officially opened on Friday at the National Convention Centre in Vientiane, heralding a new chapter for the Lao gold industry and its contribution to the country’s socio-economic and cultural development."
🇵🇱 Poland
🇨🇭Switzerland
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🇦🇪 United Arab Emirates
"The UAE had the highest gold demand per capita in the world at 4.4 grams last year, according to the World Gold Council."
🇬🇧 United Kingdom
🇻🇳 Vietnam
• Việt Nam ramps up compliance inspections for gold trading enterprises [Viet Nam News]
Gold-backed cryptocurrency
• Cantor Fitzgerald launches gold-backed bitcoin fund, expects long-term outperformance [Bitcoin . com]
"Cantor Fitzgerald launches a five-year bitcoin-gold fund designed to capture explosive crypto upside while leveraging gold’s stability to safeguard investor principal from sharp market downturns."
• Buy and sell gold with cryptocurrencies with low fees, secured and insured in professional vaults. (sponsor)
• Tether CEO confirms stablecoin giant will deploy $200,000,000 in gold mining and royalties in pursuit of ‘stability maximalism’ [The Daily Hodl]
• How tokenized gold is transforming the appeal of precious metals [The Crypto Times]
Read more about gold-backed cryptocurrencies.
Gold Weekly features curated articles from various sources and is not financial advice.
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