Gold price passes $3,600 for the first time

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Gold price: $3,653.03 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $95.73 (2.69%)

This week’s summary of gold news and analysis.

• Gold price passes $3,600 USD per ounce for the first time [Goldscape]

• Gold price surpasses inflation-adjusted record high set in 1980 [Mining]

• Explainer: Gold's record-breaking rally: who's keeping it going? [Reuters]

• Are gold prices overbought, or is this breakout just getting started? [Kitco]

• Gold’s next gear: 3 charts every serious investor should see [Katusa Research]

• Gold's best year since 1978—what's driving the relentless rally? [Benzinga]

• Gold is the ‘canary in the coal mine’ as Trump policies risk ‘a real financial market crisis’ – AEI’s Lachman [Kitco]

• ANZ hikes gold price forecast to $3,800 on solid investment demand [Reuters]

• ‘Clearly weaker’ economy will drive gold through $4,000 in six months - Strategist [Kitco]

• Gold price forecast: XAU fundamentals and technicals point to $4,000 in 2025 [FX Leaders]

• 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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Gold news from a global perspective.

• Mint condition: the price of gold has hit a record high – and Australians are flocking to cash in [The Guardian]

• Bolivia raises $589 million against future gold deliveries (archive) [Bloomberg]

• China's central bank buys gold in August for 10th consecutive month [Business Standard]

• China extends gold-buying streak as central banks seek US dollar alternatives [SCMP]

• El Salvador adds 14,000 troy ounces of gold after bitcoin accumulation pause, total holdings hit $207M [cryptonews]

• Bank of Ghana boosts gold reserves by nearly 39% in one year [Modern Ghana]

• 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’s central bank reports 37% growth in gold reserves, trade surplus reaches $26.8 Billion [Borna News]

• 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."

• Polish central bank increases gold holdings target to 30% of reserves [Mining]

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• Billionaires who amassed gold fortunes in Dubai face slowdown [Bloomberg]

"The UAE had the highest gold demand per capita in the world at 4.4 grams last year, according to the World Gold Council."

• Digital gold could soon shake up London’s precious metal markets [CNBC]

• Việt Nam ramps up compliance inspections for gold trading enterprises [Viet Nam News]

• 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."

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• 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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