There's a 'genuine demand story' in gold's rise

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

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Gold price

Gold price: $5,003.65 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $46.81 (0.95%)

Gold news

This week’s summary of gold news and analysis.

• Gold's rally isn't a sign of a commodity supercycle, Goldman Sachs says [Business Insider]

• There's a 'genuine demand story' in gold's rise, Deutsche Bank says [Bloomberg]

• The changing global order is repricing gold [Kitco]

• Soaring gold price forces vaults to reduce insurance cover (archive) [Financial Times]

"Some operators are taking more risk on their balance sheets and moving reserves between sites."

• Muddied U.S. labor data complicates gold price projections, high silver prices draw secondary supply – Heraeus [Kitco]

• Ray Dalio warns ‘world order has broken down’ — why is he backing gold over crypto? [CCN]

🔮 Gold price forecasts

• ANZ sees gold hitting $5,800 an ounce in the second quarter [Kitco]

• Gold headed to $6,000 this year, silver to $133, but expect 30% price swings - AuAg Funds [Kitco]

• Gold price will hit $6,200 by June, precious, industrial metals set for further gains as volatility eases – UBS’ Schnider [Kitco]

• Why are traders betting on $20,000 gold price after a historic crash? [BeInCrypto]

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🌐 World gold news

Gold news from a global perspective.

🇨🇳 China

• Chinese consumers gobbling up gold in run-up to lunar new year [FXStreet]

• China’s gold rush: why families are doubling down on precious metals (archive) [SCMP]

"Gold is becoming more popular in China ahead of the Lunar New Year, with households viewing the asset as a safety net amid an uncertain economy."

• Unearthed: the new shape of gold demand in China ft. Roland Wang, CEO of World Gold Council China [World Gold Council]

• How China’s ‘unruly’ speculators might be fueling the frenzy in gold market [CNBC]

🇬🇭 Ghana

• Ghana's gold output hits record 6 million ounces in 2025 - Report [GhanaWeb]

🇮🇳 India

• Gold imports jump in January, Swiss, UAE inflows lead spike [Money Control]

"India’s gold imports jumped in January after cooling in December, led by a surge in shipments from key bullion hubs such as Switzerland and the United Arab Emirates."

• India unlikely to offer gold concessions in GCC trade talks amid surge in UAE imports [Outlook Business]

"India allows imports of a specified quota of gold at a concessional customs duty of 1%, along with silver imports from the Gulf nation at a reduced duty of 7%."

🇮🇩 Indonesia

• Gold price surge hits Indonesia's local jewelry industry [Tempo]

🇯🇵 Japan

• Gold smuggling into Japan running rampant [The Japan News]

• Mystery donor gives Japanese city $3.6m in gold bars to fix water system [BBC]

🇸🇬 Singapore

• Singaporeans flock to gold despite record-high prices ahead of Chinese New Year [The Business Times]

• Chang Cheng F&B group gives out at least 100 gold plaques worth over $500k to long-serving employees [AsiaOne]

🇸🇦 Saudi Arabia

• Saudi Arabia : a new African gold market to challenge Dubai [Africa News Agency]

"Saudi Arabia is entering the African gold trade by forging a strategic partnership with Sudan. This initiative could disrupt Dubai’s long-standing dominance and offer Khartoum a more transparent and profitable channel for its mineral wealth."

🇿🇦 South Africa

• Gold fever hits South Africa after lucky find in cattle pen [BBC]

🇨🇭Switzerland

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

🇹🇭 Thailand

• Low Mekong draws Nong Khai villagers to pan for gold [The Nation]

🇹🇯 Tajikistan

• Tajikistan to install ATMs for buying and selling gold bullion [The Astana Times]

🇹🇿 Tanzania

• Bank of Tanzania nears 20-tonne gold reserve target 18 months early [The Citizen]

🇹🇷 Türkiye

• Türkiye’s gold stash closes in on $134B with fastest OECD rise [Türkiye Today]

🇦🇪 United Arab Emirates

• Why investors in UAE are selling cryptocurrencies to buy gold, silver [Khaleej Times]

• Gold shopping in Dubai leads to gold Mercedes win for expat [Khaleej Times]

🇬🇧 United Kingdom

 • ‘By the end of the day we’re just knackered’: business booms for UK’s south Asian jewellers as gold prices soar [The Guardian]

"Economic uncertainty drives customers to snap up 22-carat gold bars and coins or sell off unworn jewellery."

• Sky News gains rare access to Bank of England's gold vaults [Sky News]

"Sky's Ed Conway is shown one of the 12 vast vaults where the world's largest single deposit of gold is kept on behalf of its many owners."

🇺🇸 United States

• 'Unseen' forces moving a lot of gold back to the U.S.? What's really happening – Josh Phair [Kitco]

🇻🇳 Vietnam

• Vietnam tackles gold fever with black market crackdown (archive) [Nikkei Asia]

"Fines up to $12K introduced for illicit gold as major market eases production monopoly."

• Ministry clarifies tax on gold bar transactions amid market concerns [VnExpress]

"The Ministry of Finance said the 0.1% tax on gold bar transactions, set to take effect on July 1, is designed to curb speculation and stabilize the market without harming legitimate interests."

• Gold gifts greet 5 babies born at Tet midnight at Ho Chi Minh City hospital [Tuoi Tre News]

"Tu Du Hospital, based in Ho Chi Minh City, presented gold gifts symbolizing good fortune to five babies born at the stroke of the Lunar New Year (Tet) 2026."

Gold-backed cryptocurrency

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

• Gold firm Elemental Royalty to pay out dividends in Tether's tokenized gold [CoinDesk]

• Wintermute launches institutional tokenized gold trading, expects market to reach $15 billion in 2026 [The Block]

Read more about gold-backed cryptocurrencies.

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

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