$4,000 under siege

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

Gold price: $3,988.74 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$126.14 (-3.07%)

This week’s summary of gold news and analysis.

• $4,000 under siege: Buyers losing the battle on Gold [FXStreet]

• Gold and silver prices hit new 8-month lows as dollar, oil rise [BullionVault]

• Gold heats up again as inflation cools [Prinsights]

"As Kevin Warsh sat before Congress to break inflation, the June report showed it is already cooling – setting up another round of momentum for gold in 2026."

• ‘We have a plan to go overweight gold again’ – Fidelity’s Samson predicts return to bull market in 2027 [Kitco]

• New survey shows central banks are starting to ditch the dollar and buy more gold instead — should you do the same? [Moneywise]

• A strange dichotomy: gold up on the year in Asian markets, down big in the West [GoldSeek]

• Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip? [Business Standard]

• Gold prices can go lower, but Bank of America suggests buying the dip and averaging down [Kitco]

"In his latest note, Paul Ciana, Technical Analyst at Bank of America, said he expects gold’s current correction to require more time. He added that prices could eventually test support around $3,600 an ounce before finding a firmer bottom."

• Bernstein sees higher gold prices in H2’26, sets new price target [Investing]

"The bank adjusted its 2026 gold price target to $4,533 an ounce, with a target of $4,375 an ounce for the second half of the year, while maintaining its price targets through 2030."

• Gold could reach $10,000, says commodities expert. Should investors buy gold stocks? [Canadian Mining Report]

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Gold news from a global perspective.

• Vault and Genesis agree to merge and create $8.71 billion Australian gold producer [Reuters]

“Genesis Minerals has agreed to acquire smaller peer Vault ‌Minerals in a deal that would create Australia's third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 billion).”

• China gold market update: June concludes a divided H1 [World Gold Council]

• Central bank wars: Fortress China targets LBMA [Video] [FXStreet]

• Ghana’s 2026 artisanal gold output likely to surpass record level [Mining]

• Not so ‘treasured’ anymore! Why India, China are stacking up gold and trimming US Treasuries exposure [The Times of India]

• Indonesia’s anti-graft prosecutor quits after police seize gold and cash [Al Jazeera]

"Police seized 74kg of gold bars and $20m cash in various currencies."

• Iraq seizes 375kg of gold in sweeping anti-corruption crackdown [Al Jazeera]

"A massive haul of gold recently uncovered has been linked to a high-profile anti-corruption case in Iraq."

• Pos Malaysia targets 70,000 customers for new Pos ArRahnu Gold-i service in first year [The Star]

• Poland’s central bank is buying the dip as gold's biggest buyers aren't backing down [Kitco]

• Precious metal boom is a stress test for Singapore’s gold ambitions [Singapore Business Review]

• EU bans gold imports from Sudan to curb money financing the war [BBC]

• 2,500-year-old Persian gold coin hoard found at ancient Notion in Türkiye [Arkeonews]

• Gold jewellery or coins: Which is cheaper to carry from UAE to India? [Khaleej Times]

• This 700-year-old English church nearly closed—but then the vicar discovered a stash of gold coins under the altar [Smithsonian Magazine]

• Bessent says Fort Knox gold intact amid debt debate [Mining]

• Trump’s US ‘gold dollar’ coin has no precious metal [Mining]

"President Donald Trump is to appear on a new US one-dollar “gold coin” being issued for America’s 250th anniversary, despite the coin containing no gold or other precious metals."

• Buy and sell gold with cryptocurrencies with low fees, secured and insured in professional vaults. (sponsor)

• Tether’s $20 billion mountain of gold – equal to a national reserve – to be used for lending [CryptoSlate]

• OCBC Launches GOLDX tokenized gold fund on ETH and SOL [CoinMarketCap]

Read more about gold-backed cryptocurrencies.

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

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