Gold tops $1900 for first time since May after US CPI drops
Gold Price: $1,896.58 News: Gold could skyrocket to $2,300, China extends gold buying.
Your weekly summary of the most important gold news and analysis of the last week.
Gold price USD/OZ: $1,896.58 [View live gold price.]
Change from last week: $56.07 (3.05%)
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Gold news
“2023 macro set fair for gold and miners...”
• Gold tops $1900 for first time since May after US CPI drops
• Gold's march towards all-time highs pulls in retail investors
• Will gold get its mojo back or lag in 2023?
• $5k gold in next bull run, inflation to ‘tear society apart' if Fed fails - Michael Lee
• Why gold is the bright stuff for would-be sanctions busters [$]
World news
🇨🇳 China
• China extends gold buying with fresh flows to central bank
• Rise of the gold-backed e-yuan
🇮🇳 India
• Indian gold refiners struggle as smugglers offer hefty discounts
🇮🇶 Iraq
• Iraq among most prominent countries to buy gold in 2022
🇷🇺 Russia
• Russians buy record amount of gold bullion in 2022
🇱🇰 Sri Lanka
• Sri Lankan authorities restrict import of gold jewellery
🇨🇭 Switzerland
• Gold giant JPMorgan may move into precious metals clearing in Zurich
🇦🇪 United Arab Emirates
• UAE: 44 shoppers win 11kg gold during Dubai Shopping Festival
Gold in the news
• Scottish brewer learns valuable lesson that when it comes to solid gold, be specific
Gold-backed cryptocurrencies
• Physical gold-backed NFT collection (Golden Egg Club) on the brink of new heights
• Beyond Bitcoin: why developing nations should look to stablecoins
“…for stablecoins to live up to the promise of ‘stability’, there must be a wider, more mainstream movement away from being backed by inflation-prone fiat currencies towards more reliable physical assets – notably a fully redeemable physical asset like gold.”
• 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.