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Central banks are bringing gold reserves home

Central banks are bringing gold reserves home

[Gold Newsletter #320] Gold Price: $4,130.53 News: New gold rush in trading and storage after record price spike, Singapore to offer gold vaulting services to foreign central banks from October. Gold price forecasts: $3,850 to $35,000

June 18, 2026

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

Gold price

Gold price: $4,130.53 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$52.45 (-1.25%)

Gold news

This week’s summary of gold news and analysis.

• Central Bank Gold Reserves Survey 2026 [World Gold Council]

"Central banks have accumulated an average of 1,000t of gold over the past four years, up significantly from the 500t average over the preceding decade. This marked acceleration in the pace of accumulation has occurred against a backdrop of geopolitical and economic uncertainty, which has clouded the outlook for reserve managers."

• Central banks are bringing gold reserves home as geopolitical risks rise [CNBC]

• New gold rush in trading and storage after record price spike [BullionVault]

"Gold's all-time record price spike of New Year 2026 is now being followed by a rush to launch new vaults, bullion-market clearing and 24/7 trading, led in Asia by regional hubs Hong Kong and Singapore."

• Asia still buys gold’s falling knife as the West drops the bar [Investing]

• Gold is still stuck in a holding pattern, but the bullish long-term case remains intact, says Tanglewood's Bruce [Kitco]

🔮 Gold price forecasts

• UBS sees gold price falling further, but remains long-term bullish [Mining]

"The momentum indicators now suggest that prices “may continue to gravitate toward the $3,850-4,000/oz. range in the near term,”".

• Barclays sees gold hitting $4,791 in 2026, $4,900 in 2027 as Iran correction fades, structural drivers reemerge [Kitco]

• JPMorgan's latest forecasts are bullish for gold: buy the dip [The Motley Fool]

"The price of gold has dipped to about $4,320 per ounce in 2026, and forecasters, including JPMorgan, have had to reduce their full-year gold price forecasts accordingly. Still, even though JPMorgan reduced its 2026 forecast to $5,243 per ounce from $5,708, it still implies gold reaching $5,000 per ounce in the fourth quarter -- a 39% increase."

• Gold's bull market has room to run as inflation risks, fiscal deficits support prices - Wells Fargo [Kitco]

"On Tuesday, the bank raised its year-end gold target to $5,300-$5,500 an ounce and expects prices to climb further to $5,800-$6,000 by the end of 2027. "

• Kiyosaki predicts gold could hit $35,000 by 2035 [MSN]

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🌐 World gold news

Gold news from a global perspective.

"Foreign central banks and sovereign entities will be able to store their gold reserves with the Monetary Authority of Singapore (MAS) from October, as Singapore strengthens its position as a regional hub for gold trading and storage."