Central banks want more gold for their reserves

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

Gold price

Gold price: $4,529.29 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$31.05 (-0.68%)

Gold news

This week’s summary of gold news and analysis.

• Goldman says central banks want more gold for their reserves [Bloomberg]

• Gold price is struggling now, but analysts say the looming bond crisis could change everything [Kitco]

• Gold and silver 'trading well' given surge in real interest rates [BullionVault]

🔮 Gold price forecasts

• Gold’s rally will resume after Iran war, with price reaching $5,400/oz by H1 2027 – Lombard Odier [Kitco]

• Gold back to $5,400? Here’s why Goldman Sachs still sees bullish potential ahead [FXStreet]

• Gold’s ‘golden decade’ enters next phase with new $8,900 target - In Gold We Trust Report [Kitco]

View the In Gold We Trust Report.

• Jeff Currie sees gold price pullback before $10,000 run [The Northern Miner]

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🌐 World gold news

Gold news from a global perspective.

🇦🇺 Australia

• Perth Mint goes for gold in record-breaking year [Mirage News]

🇨🇳 China

• Hong Kong targets July launch for new gold-clearing system [Bloomberg]

"The government-owned mechanism will mirror the financial infrastructure used in London."

🇬🇭 Ghana

• Ghana seeks to buy 30% of gold from miners to boost reserves, central bank [Reuters]

🇮🇳 India

• Sell 100 grams of gold to help India; Feroze Azeez makes the case [The Economic Times]

• CoinSwitch CEO Ashish Singhal highlights challenges in gold-based stablecoin idea in India [Outlook Money]

• Why India sent 47,000 kg of gold to UK in 1991 [India Today]

🇮🇩 Indonesia

• Why gold in 2026: the strategic asset for Indonesia [World Gold Council]

🇸🇬 Singapore

🇿🇦 South Africa

• Gold mining on City of Gold's doorstep wins broader bank support [Mining Weekly]

🇹🇭 Thailand

• Gold imports push Thailand into Q1 trade deficit as Goldman sees stronger global demand [The Nation]

🇦🇪 United Arab Emirates

• Why Indian tourists are rushing to Dubai’s gold markets after 15% import duty hike [The Indian Express]

"Jewellers across Dubai say enquiries and purchases from Indian tourists and NRIs have surged lately, with many buyers advancing jewellery purchases before returning to India."

• UAE gold sales surge at Joyalukkas as India’s import duty hike drives price advantage for NRIs [Gulf News]

🇺🇸 United States

• Gold audit time [Katusa Research]

🇻🇳 Vietnam

• Jeweler Bao Tin Manh Hai eyes Vietnam IPO as gold market evolves (archive) [Bloomberg]

• Vietnam police bust gold smuggling ring from Cambodia [DTI News]

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• Tether's gold rush: stablecoins modernizing precious metals investment [Investing News Network]

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

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