Why gold’s next move is geopolitical

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

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Gold price

Gold price: $5,072.40 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$47.03 (-0.92%)

Gold news

This week’s summary of gold news and analysis.

• Why the real move in gold is still ahead [Kitco]

• Forget the “death of the dollar”: why gold’s next move is geopolitical [Forbes]

• Gold rises as Iran war de-escalates. Why it’s not moving as expected. [Barron's]

• Gold supply and price are extremely resistant to depletion or potential manipulation by miners – World Gold Council [Kitco]

🔮 Gold price forecasts

• Yardeni says gold could hit $6,000 an ounce by end of year [Bloomberg]

• Strait of Hormuz closure threatens US bond market as gold eyes $6,000 [Kitco]

• The new golden floor: how central bank 'base load' demand is re-rating gold to $6,000 [The Chronicle Journal]

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🌐 World gold news

Gold news from a global perspective.

🇨🇱 Chile

• Chile Central Bank issues first gold purchase in decades amid global turmoil [Reuters]

🇨🇳 China

• China’s central bank buys gold for 16th month straight in February despite near-record prices [Kitco]

🇨🇩 Democratic Republic of Congo

• DRC’s state gold project targets 15 tons of artisanal gold with central bank backing [Business Insider Africa]

🇪🇬 Egypt

• From dollars to gold [Ahram Online]

"The Central Bank of Egypt is increasing the share of gold in its reserves in line with trends seen among other central banks worldwide."

🇬🇭 Ghana

• Ghana moves ahead with new gold royalty system as government seeks greater share of mining profits [The Voice of Africa]

🇮🇳 India

• Cheap gold in Dubai amid Middle East Crisis: How much gold can you buy and bring to India at lower cost and taxes? [The Economic Times]

🇮🇩 Indonesia

• Indonesia bullion bank users rise to 5.7 million as gold demand surges [Jakarta Globe] 

🇵🇱 Poland

• As bombs fall, gold prices rise — and Poland is taking notice [Euro News]

🇸🇬 Singapore

• Hong Kong, Singapore square off in race to become world’s gold trading hub [South China Morning Post]

"Access to mainland’s robust market gives Hong Kong the edge over Southeast Asian rival, experts say."

🇦🇪 United Arab Emirates

• Dubai gold trades at discount to London due to flight disruptions [Reuters]

🇻🇪 Venezuela

• US issues limited licence for Venezuelan gold following high-level visit [Al Jazeera]

🇻🇳 Vietnam

• Central province to sell 30 kg of gold for $5.4M [VnExpress]

"Ha Tinh Province in central Vietnam on Thursday sold the right to purchase nearly 30 kg of gold worth VND142 billion (US$5.4 million) to a business randomly selected from six bidders."

Gold-backed cryptocurrency

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• Antalpha moves to take $100 million profit on massive Tether Gold bet as demand for digital bullion continues to rise [Kitco]

Read more about gold-backed cryptocurrencies.

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

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