Gold price jumps 4% past $4,500

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

Gold price: $4,537.85 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $213.40 (4.93%)

This week’s summary of gold news and analysis.

• Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt [Kitco]

• 'Dollar debasement' sees gold erase summer slump at $4500 [BullionVault]

• Four reasons central banks are piling up gold [FXStreet]

• Graphic: Gold price shows early signs of reclaiming safe-haven appeal after Iran war selloff [Reuters]

• Can gold prices hold as 30-year yields hit 19-year highs? [FXEmpire]

"The 30-year yield hit a fresh 19-year high before easing to 5.305% and the 10-year is holding near 4.72%."

• ‘Gold has been in a bull market for 25 Years’ – Morgan Stanley CIO Wilson [Mining Discovery]

• Four reasons central banks are piling up gold [FXStreet]

• Wells Fargo reiterates positive outlook for precious metals, still sees gold at $4,900 in 2026 [Kitco]

• Gold may reach $8,000 if the long-term bull flag holds [Investing]

• Gold price headed 10 times higher, and that is "inevitable," Thomas Kaplan says [Kitco]

"Electrum chairman sees gold reaching $30,000 to $50,000, calls the correction a "1987 moment" and warns governments may seize profitable mines."

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Gold news from a global perspective.

• Belgian student strikes gold worth €9m while digging a new sewer [The Guardian]

• China gold market update: Strong official sector buying in July [World Gold Council]

• China Gold Association supports all necessary countermeasures taken against US restrictions on Chinese gold firms [Global Times]

• Hong Kong taps tech strength in joint venture to power gold settlement ($) [South China Morning Post]

• “We cannot continue to be spectators” – GOLDBOD CEO calls for indigenous mining ownership [AsaaseRadio]

• India gold market update: Recovery taking shape [World Gold Council]

• To unlock idle gold, government may ask jewellers to take deposits in proposed scheme [The Indian Express]

• India's Aditya Birla Capital to enter gold loan market, targets 1,000 branches [Reuters]

• Indonesians keep 1,800 tons of gold 'under pillows', says minister [Tempo]

• Thai gold traders to oppose possible tax in talks with Finance Ministry [The Nation]

• Letter: Central bank gold repatriation has its own logic [Financial Times]

"From Hasan Huseyin Deniz, Istanbul, Turkey."

• Venezuela’s UK-held gold to be released to US control, foreign audits [Venezuelanalysis]

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

• The rise of gold-backed stablecoins: could they change precious metals investing?

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

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