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- Goldman Sachs sees continued central bank gold buying
Goldman Sachs sees continued central bank gold buying
[Gold Newsletter #290] Gold Price: $4,055.68 News: Shakeout in the gold price and correlation with risk appetite leaves central banks as its main buyers, China chases gold supremacy as it builds a U.S. dollar alternative. Gold price forecasts: $4,900 to $5,000
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A summary of the most important gold news and analysis of the last week.
Gold price
Gold price: $4,055.68 $XAUUSD ( 0.0% ) [View live gold price.]
Change from last week: -$125.39 (-3%)
Gold news
This week’s summary of gold news and analysis.
• Shakeout in the gold price and correlation with risk appetite leaves central banks as its main buyers [MarketWatch]
• ‘Bond King’ Jeffrey Gundlach says there’s no doubt ‘we’re in a mania,’ but gold is a ‘real asset class’ [Fortune]
"Jeffrey Gundlach, founder and CEO of DoubleLine Capital, has delivered a striking assessment of the current investment landscape, arguing the U.S. equity market is engulfed in a “mania” while simultaneously identifying gold as the primary refuge, elevating the metal to the status of a “real asset class.”"
🔮 Gold price forecasts
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🌐 World gold news
Gold news from a global perspective.
🇦🇺 Australia
🇨🇳 China
• China’s secretive gold purchases help fuel record rally [The Business Times]
"A growing number of unreported transactions presents a challenge for bullion market traders."
"Engineers believe the new discoveries suggest Chinese gold reserves could be much larger than previously thought."
🇪🇬 Egypt
• Egypt adds EGP 1.65 billion in seized gold to central bank reserves [Egyptian Streets]
🇫🇷 France
"The buried hoard of bars and coins, estimated to be worth €700,000, is likely to go to the children of the previous owner."
🇮🇳 India
🇮🇩 Indonesia
🇮🇹 Italy
🇷🇺 Russia
🇹🇷 Türkiye
🇺🇸 United States
🇻🇳 Vietnam
• Central bank mulls raising gold position limit for lenders [VietnamPlus]
🇿🇼 Zimbabwe
• Zimbabwe’s gold-backed reserves near $1 billion mark [Channel Africa]
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Gold Weekly features curated articles from various sources and is not financial advice.
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