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Gold’s safe haven status is intact

Gold’s safe haven status is intact

[Gold Newsletter #312] Gold Price: $4,669.66 News: Why BRICS nations keep buying gold, Singapore’s OCBC launches tokenized gold fund. Gold price forecasts: $5,200 to $8,000

April 23, 2026

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

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Gold price

Gold price: $4,669.66 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$126.19 (-2.63%)

Gold news

This week’s summary of gold news and analysis.

• Gold’s safe haven status is intact, high gold and silver prices are boosting exploration budgets – Heraeus [Kitco]

• Why BRICS nations keep buying gold as prices hit $4,850 [Watcher Guru]

• Fiscal risks and stagflation fears will support gold prices even without Fed rate cuts – HSBC [Kitco]

• Gold repatriation: a shift in central bank strategy [Investing News Network]

"From China and Poland to India and Turkey, global financial institutions have been quietly stockpiling the yellow metal."

• Gold’s role isn’t to make you rich - it’s to help you survive what’s coming, says Morton Wealth CEO [Kitco]

• GoldRanked: central banks buying and selling gold in 2026 [Visual Capitalist]

🔮 Gold price forecasts

• Why Morgan Stanley slashed its gold price forecast to $5,200, down from $5,700 — is the gold bull run over and what does it signal for the 2026 gold price outlook ahead [The Economic Times]

• Wells Fargo: debasement trade could drive gold to $8,000 [Gold Seek]

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🌐 World gold news

Gold news from a global perspective.

"The initiative was formalised on April 2, 2026 at the Suphattra Hotel, Vientiane with the signing of a Memorandum of Understanding between the Ministry of Finance and the Lao Bullion Bank to conduct a feasibility study on the fund’s establishment."

🇷🇺 Russia

• Russian central bank sold 700,000 oz. of gold in 2026 [Reuters]

🇨🇭Switzerland

• Gold exports from Switzerland up 30% in March as deliveries to UK jump [Reuters]

🇸🇾 Syria

• Syria secures World Bank support for reserve, gold management [Arab News]

"Syria’s financial sector is set to strengthen as the World Bank has agreed to support the central bank in rebuilding foreign currency and gold reserves, boosting liquidity after years of conflict."

🇺🇬 Uganda

• Uganda's central bank starts domestic gold purchase programme [Reuters]

🇦🇪 United Arab Emirates

• Limited-edition gold coins inspired by UAE pride unveiled, supporting Dubai's Ferjan initiative [Gulf News]

🇬🇧 United Kingdom

• 'I could not believe I had found buried treasure' [BBC]

"Chris Cory‑Wright said he found a hoard of silver and gold coins - dating from approximately 20 to 60 BC - while exploring a field in the Surrey Hills area."