Second quarter gold demand hits record highs, supporting rising prices

Gold Price: $2,463.55 News: Chinese buy more gold bars, coins in H1.

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

Gold price USD/OZ: $2,463.55 [View live gold price.]

Change from last week: $95.42 (4.03%)

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Gold news

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Second quarter gold demand hits record highs, supporting rising prices

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World news

🇦🇷 Argentina

The mystery of Argentina’s gold: Milei admits that it was transferred abroad, without specifying the quantities or destination

🇦🇺 Australia

New Tier 1 gold mine continues to expand

🇨🇳 China

Chinese buy more gold bars, coins in H1

Chinese bullion demand takes a hit in risk to gold price rally

Report reveals China continues to secretly grow its gold stash, misleading market to cause price cool-off

🇨🇮 Côte d’Ivoire

Montage Gold’s Koné: Shaping up to be one of West Africa’s biggest gold mines

🇪🇬 Egypt

Egyptian gold purchases hit 14.4 tonnes in Q2 2024: World Gold Council

🇫🇮 Finland

Bank of Finland lags behind some Nordic neighbours with only 49 tonnes of gold

🇮🇳 India

India gold demand 'up 15-40%' on shock cut to import duty

🇮🇩 Indonesia

Indonesian gold in sights of cashed-up FEG

🇳🇵 Nepal

India’s decision to reduce import duty on gold likely to increase gold smuggling into Nepal

🇸🇬 Singapore

MAS increases gold reserves by 4 tonnes in Q2

🇨🇭 Switzerland

Buy and store gold bullion and coins in Switzerland 🇨🇭(sponsor)

🇹🇭 Thailand

Bt871m in gold confiscated from former revenue chief

🇹🇷 Türkiye

Archaeologists find a 2,400-year-old ‘pot of gold’ in Turkey

🇦🇪 United Arab Emirates

Gold coins, bars see higher demand in UAE, jewellery sales dip

🇬🇧 United Kingdom

Coin collection found on barn floor likely to reach five figures at auction

🇺🇸 United States

A Costco gold collector has bought more than $100,000 of coins this year — mostly for flipping

Nova begins drilling at RPM gold deposit

🇻🇳 Vietnam

HCM City forms task force to enhance monitoring of gold bar transactions

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