Gold set for biggest weekly gain since April on Fed pause hopes

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

Gold price USD/OZ: $1,980.60 [View live gold price.]

Change from last week: $29.14 (1.49%)

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Gold news

Gold set for biggest weekly gain since April on Fed pause hopes

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World news

🇦🇺 Australia

Aussie gold industry valued at $30 billion annually as prices hit record highs and production dips

Rothschild assays could just prove up a huge gold-bearing ore body, says Warriedar

🇨🇳 China

China’s net gold imports via Hong Kong climb 5% in April

Man in China sends $1.9m in cash, gold bars to fiancee’s home in armoured truck as part of ‘bride price’

🇮🇳 India

RBI’s gold holdings jump over 17% to a whopping ₹2,30,734 crore

Smugglers send officials on gold hunt in Palk Strait”Coast Guard (ICG) and Department of Revenue Intelligence (DRI) have been on a gold hunt in the Palk Strait after smugglers from Sri Lanka threw the contraband into the sea on spotting a patrol boat. After two days of underwater searches, Coast Guard divers retrieved 11.6 kg of gold on Thursday from the seabed near Mandapam.”

🇮🇶 Iraq

Iraq’s gold reserves surpass 132 tons

🇨🇭 Switzerland

Swiss gold exports tumble to 10-month lows as high gold price weighs on demand in April

🇦🇪 United Arab Emirates

Jewels of the Emirates show opens in Sharjah

Gold-backed cryptocurrencies

Texas considers bill for gold-backed digital currency

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.