Why are central banks hoarding gold?

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

Gold price USD/OZ: $1,891.83 [View live gold price.]

Change from last week: -$23.57 (-1.23%)

Gold Weekly Partner

BFI Bullion - Buy and store gold bullion and coins in Switzerland 🇨🇭

Gold news

Why are central banks hoarding gold?

“The World Gold Council says gold purchases in the first half of this year were the highest on record.”

Gold Price Forecast: XAU/USD to target $2,100 by end of Q1 2024 – ANZ

The BRICS Gold-backed commodity structure revealed [Video]

Shaky Western finances could send gold soaring 

World news

🇨🇳 China

China's massive gold purchases may actually be underestimated, and will likely continue for many years - BMO

China's gold prices rising higher than rest of world due to import curbs

🇮🇳 India

What is gold monetization scheme & how does it work

🇮🇩 Indonesia

Baru Gold is unlocking Indonesia's gold potential with experienced team

🇮🇶 Iraq

Iraq possesses 132 tons of gold reserves

🇸🇬 Singapore

Must-watch: Singapore Reserves Revealed gives exclusive insight into the country’s rainy day fund

“Singapore's central bank, the Monetary Authority of Singapore holds gold as part of the Official Foreign Reserves.”

🇹🇷 Türkiye

Turkey’s appetite for gold increases as lira plummets

🇬🇧 United Kingdom

Metal detectorists unearth 2,000-year-old gold coins in Wales

🇺🇸 United States

There’s a lot more gold (and antimony) lurking within Felix’s Treasure Creek project

Gold-backed cryptocurrencies

Zimbabwe central bank close to introducing gold-backed digital tokens into retail

Are gold-backed crypto the future of digital assets?

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.