Gold is replacing US Treasurys as a global reserve asset

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

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Gold price

Gold price: $4,956.81 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $94.90 (1.95%)

Gold news

This week’s summary of gold news and analysis. 

• Has gold peaked – or is this the final cheap buying opportunity? [FX Empire]

"After one of the most violent corrections in modern financial history, Gold is forcing its way back into the global conversation – and doing so with breath-taking speed."

• Investing legend David Einhorn says gold is replacing US Treasurys as a global reserve asset [Business Insider]

• 64-year-old Wall Street firm flags unusual gold accumulation [TheStreet]

"Jefferies releases a report on gold accumulation among nations and non-sovereign entities."

• Gold and silver volatility rattles nerves, but not convictions [Kitco]

🔮 Gold price forecasts

• BNP backs gold to hit $6,000 an ounce as rally ‘makes sense’ (archive)[Bloomberg]

• Gold price forecast: Wells Fargo delivers massive upgrade, sees $6,300 by 2026 [cryptorank]

• Gold bugs are going wild over a call for the metal's price to more than double. Here's what's behind the viral forecast. [Business Insider]

"Dan Oliver says central bank demand means an ounce of gold should be priced as high as $12,595."

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🌐 World gold news

Gold news from a global perspective.

🇨🇳 China

• China's central bank buys gold for 15th consecutive month [Reuters]

• China gold market update: A strong start to 2026 [World Gold Council]

• Bessent sees ‘unruly’ Chinese trading behind gold price swings (archive) [Bloomberg]

• The Chinese ‘auntie’ investors behind the gold and silver frenzy (archive)[The Wall Street Journal]
"Households worried about global instability have contributed to the recent surge in metals prices."

• Macau’s Grand Emperor hotel rips up lobby floor to sell off gold bricks [The Guardian]

"Parent company says the bullion created a ‘sumptuous atmosphere’ but current market conditions offered a ‘good opportunity’ to sell it."

🇬🇭 Ghana

• Ghana's gold output hits record 6Moz in 2025, industry group says [Mining Weekly]

🇮🇳 India

• India’s gold ETF inflows top equity mutual funds for the first time [Reuters]

• India’s top jeweler says gold volatility is muting buyer growth (archive) [Bloomberg]

🇰🇪 Kenya

• Kenya to join growing list of African countries buying gold for reserves [Reuters]

🇱🇧 Lebanon

• Cash-strapped Lebanon finds itself sitting on a gold mine, as precious metal prices surge [AP]

• Gold fluctuations baffle Lebanese jewellers, gold market [Al Jazeera]

🇲🇾 Malaysia

• ‘I was turned away’: High gold prices cause cash crunch at Malaysia pawnshops ahead of CNY, Ramadan [The Straits Times]

🇲🇲 Myanmar

• Top gold association officials arrested by Myanmar junta officials [Burma News International]

🇵🇱 Poland

• Poland eyes 150-ton gold haul that could reshape national reserves [TheTradable]

🇸🇬 Singapore

• UOB extends opening hours, goes appointment-only for gold purchases at main branch counters [The Straits Times]

🇹🇷 Türkiye

• ‘Türkiye could become regional gold refining, trading hub’ [Hürriyet Daily News]

• Gold thief flees scene of the crime on donkey in central Turkey – video [The Guardian]

🇦🇪 United Arab Emirates

• Gold reserves at UAE's Central Bank near Dh38 billion in 2025 [Khaleej Times]

• UAE central bank issues limited-edition gold and silver commemorative coins [Gulf News]

🇻🇳 Vietnam

• Government orders rapid completion of plan to tap public gold & foreign reserves [VietNamNet Global]

• Ministry of Finance clarifies new gold bar tax amid market concerns [DTI News]

"The Ministry of Finance has defended its plan to impose a 0.1 per cent tax on gold bar transactions from July 1, 2026, saying the measure is designed to curb speculation and stabilise the market."

Gold-backed cryptocurrency

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• Tether's gold stash tops $23 billion as buying outpaces nation states, Jefferies says [CoinDesk]

Read more about gold-backed cryptocurrencies.

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

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