Gold firms on safe-haven demand after Moody's US downgrade

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

Gold price USD/OZ: $3,328.97 [View live gold price.]

Change from last week: $113.54 (3.53%)

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Gold news

• Gold firms on safe-haven demand after Moody's US downgrade

• Moody’s just downgraded America. Here’s why gold could go parabolic

• Billionaire Ray Dalio makes a $319 million bet on gold in Q1

• Safe-haven buying puts gold bulls back in business

• $100 silver price, $4,500 gold price? This chart proves the bull market is just starting – Jordan Roy-Byrne

• Enemies and allies dump US dollars to load up on $370 billion in gold

• Gold’s geopolitical comeback: How physical and digital gold can be used to evade US sanctions

🌐 World gold news

🇨🇳 China

• China gold demand returns with a vengeance as bullion purchases support stability while fueling de-dollarization

• China gold imports surge to 11-month high despite record prices

🇬🇭 Ghana

• NPP’s gold reserve policy laid foundation for Ghana’s economic stability – Kabiru Tia

🇮🇳 India

• India’s gold market softened in April, but price stabilization could reignite demand – WGC’s Chacko

• India’s RBI is buying gold aggressively. Should you too?

• RBI’s new gold loan rules spark outrage: Tamil Nadu Finance Minister demands immediate rollback

🇷🇼 Rwanda

• Experts weigh in on Rwanda’s plan to add gold to foreign reserves

🇸🇬 Singapore

🇦🇪 United Arab Emirates

• India tightens rules for gold and silver imports from UAE

🇬🇧 United Kingdom

 • Britain’s largest recorded Iron Age gold coin hoard secured for Museum of Chelmsford

🇺🇸 United States

• Costco announces two-bar per 24-hour limit on gold purchases as bullion sales soar

🇻🇳 Vietnam

• SBV asks licensed gold retailers to display signage amid market volatility

Gold-backed cryptocurrency

• Ripple News: BRICS planning a gold-backed financial system with XRP?

Read more about gold-backed cryptocurrencies.

Gold Weekly features curated articles from various sources and is not financial advice. For advertising and news submission requests, contact us.