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- Gold price tops $4,900 per ounce for first time
Gold price tops $4,900 per ounce for first time
[Gold Newsletter #299] Gold Price: $4,957.55 News: How gold’s safe-haven appeal is fueling record prices, Hong Kong steps up bid to become global gold trading hub, Poland has more gold than the European Central Bank. Gold price forecasts: $5,400 to $10,000
A summary of the most important gold news and analysis of the last week.
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Gold price
Gold price: $4,957.55 $XAUUSD ( 0.0% ) [View live gold price.]
Change from last week: $357.04 (7.76%)
Gold news
This week’s summary of gold news and analysis.
• Gold price tops $4,900 per ounce for first time [Goldscape]
In what has been a record-breaking week, the price of gold passed $4,700/oz on 20 January and $4,800/oz on 21 January.
"Experts say central banks are increasingly stuffing their vaults as an insurance policy in a volatile world."
• How gold’s safe-haven appeal is fueling record prices (archive) [Bloomberg]
• Ignore gold's message at your peril (archive) [Bloomberg]
🔮 Gold price forecasts
"Julia Du, a senior commodities strategist at ICBC Standard Bank, sees gold prices pushing as high as $7,150."
• This analyst is now calling for $10,000 gold by 2030 [The Globe and Mail]
• Are gold targets like $20,000 realistic [Kitco]
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🌐 World gold news
Gold news from a global perspective.
🇦🇺 Australia
🇧🇴 Bolivia
🇨🇳 China
• China’s $7 trillion cash pile is shifting into stocks, gold (archive) [Bloomberg]
• China’s gold accumulation signals a strategic financial shift [coinfomania]
"Let’s uncover how China gold buying is reshaping global reserves and challenging US dollar dominance worldwide."
• Pure gold iPhone 17 Pro Max case weighing as much as 100 grams launched in China, priced close to $16,000 [PC Guide]
🇪🇹 Ethiopia
• Ethiopia’s delayed gold ambitions take shape [East African Mining]
🇬🇭 Ghana
🇮🇳 India
• India gold market update: Enduring demand strength [World Gold Council]
🇮🇶 Iraq
🇱🇦 Laos
• Lao Bullion Bank, JBMA link Laos’ gold market to global bullion trade (archive) [Vientiane Times]
🇲🇲 Myanmar
• Myanmar gold price surges to record high amid economic turmoil [The Irrawaddy]
🇵🇱 Poland
• Poland has more gold than the European Central Bank and has no intention of slowing down [Euronews]
🇵🇹 Portugal
• From colonial trade to Nazi gold: Why Portugal holds vast reserves [Yahoo Finance]
🇸🇩 Sudan
• Saudi Arabia opens new gold market in Africa, ending Dubai’s long-standing dominance [Business Insider Africa]
"Saudi Arabia has moved to position itself as a major player in Africa’s gold trade, announcing readiness to begin immediate purchases of bullion from Sudan."
🇹🇿 Tanzania
• Tanzania to gain practical insights from Ghana on gold trade [African Mining Market]
🇹🇭 Thailand
🇦🇪 United Arab Emirates
• UAE: How to win up to 10 kilos of gold [Gulf News]
"One Dubai-based bank has come up with a new promotion."
🇻🇳 Vietnam
• Gold fever grips HCM City as prices skyrocket, but risk looms large [VietNamNet Global]
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Gold Weekly features curated articles from various sources and is not financial advice.
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