Gold finds a floor in central-bank buying

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

Gold price: $4,161.11 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$32.45 (-0.77%)

This week’s summary of gold news and analysis.

• Gold finds a floor in central-bank buying as yields stay elevated [Investing]

• Gold extends longest drop in a decade as diesel rises despite Trump's Russia deal [BullionVault]

• Gold price needs a dovish Fed or renewed debasement fears to reverse its downtrend – Bank of America [Kitco]

• Banks head for $5 billion gold trading windfall in record year [Bloomberg]

"Precious metals traders at the world’s top banks made record profits in the first half of this year, putting them on track for their best-ever annual result as surging investor interest and sharp price swings generate huge opportunities for dealers."

• A record $31 billion gold rush is sending investors a strange warning about the bond market [24/7 Wall St]

"Investors poured billions into gold funds during a month when the metal was falling fast, and the reason they kept buying points to something unsettling happening in the bond market."

• Gold caught between central banks and the Fed [Equiti]

"Gold enters Q4 caught between two competing forces. Central bank demand continues to provide support, while expectations of higher US interest rates limit its recovery."

• World Gold Council and EITI join forces to strengthen ASGM governance and combat illicit gold flows [World Gold Council]

• UBS projects gold at $5,400 by September 2027. Could $4,000 come first? [Canadian Mining Report]

• Gold's weakness is a buying opportunity as Jefferies sees $5,000 price in 2027, healthy mining margins [Kitco]

• Investors predict new record price for gold within two years ($) [Financial Times]

"Speaking at the FT’s Precious Metals Symposium on Wednesday, Charlotte Yonge, a fund manager at Troy Asset Management, predicted that gold would hit a new record high within 12 to 18 months."

• Does $8,000 gold price target look too optimistic? [The Armchair Trader]

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Gold news from a global perspective.

• Bolivia loosens gold export controls while ending purchases [Bloomberg]

"Bolivia is dismantling a state-controlled gold trading system in a bid to pull more dollars into its financial system, ending central bank purchases and easing restrictions on private exports of the precious metal."

• Why China is buying so much gold: Decoding its record-breaking bullion rush [MoneyControl]

• Investment demand fuels China's gold buying [China Daily]

"Households viewing physical bullion as safe-haven asset, store of wealth."

• Hong Kong's rise as global gold hub boosts status of Chinese currency [FXStreet]

• HK to launch gold trading pilot courses this year to ease talent shortage: Christopher Hui [The Standard (HK)]

• Ethiopia opens 600-tonne precious metals refinery as it targets Africa’s gold-processing business [Business Insider Africa]

• Africa's largest gold producer wants to join BRICS [GoldSeek]

• India considering digital gold regulations including 1-to-1 gold backing [FXStreet]

• Kazakhstan starts gold sales as treasuries burnish dollar appeal [Bloomberg]

"Kazakhstan’s central bank is switching from being one of the world’s biggest buyers of gold to a seller, as high Treasury yields reinforce the need to rebalance its reserves."

• London’s gold market enjoys the Trump effect ($) [Financial Times]

"The City’s dominance of physical trading in the metal is being reinforced by global instability."

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• Tether Global Investments fund buys $2.7m in Gold.com stock [Investing]

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

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