Gold breaks below $4,000

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

Gold price: $4,009.95 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$120.58 (-2.92%)

This week’s summary of gold news and analysis.

• Gold breaks below $4,000 as multi-year rally grinds to a halt (archive) [Bloomberg]

• Gold’s 28% correction is painful, but history suggests the bull market isn't over [Kitco]

• Why is gold falling as inflation rises? The inflation hedge myth, explained [Euronews]

• Gold ETFs just saw their biggest weekly inflow since April after $7.6 billion exodus [Benzinga]

• Is gold’s big rally over, or just catching its breath? [Investing]

• Central banks embrace gold as dollar dependency decreases [Value The Markets]

"Central banks are buying gold at unprecedented levels, indicating a shift away from dollar reliance and highlighting potential investment strategies."

• Deutsche Bank cuts 2026 gold price targets to $4,300/oz for Q3, $4,800/oz in Q4 as investor demand drops [Kitco]

• Goldman cuts gold price forecast down to $4,900 [Mining]

• Bank of America says gold can still hit $6,000, just not anytime soon [Kitco]

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Gold news from a global perspective.

• The Fabulous Gold Harvesting Machine review – scavenger’s story reveals a rich seam to mine [The Guardian]

"Alfredo Pourailly De La Plaza’s absorbing documentary about an ageing Chilean gold panner is meticulously detailed and doubles as its own act of visual prospecting."

• China’s gold imports surge to most in more than two years [Bloomberg]

• Hong Kong is pulling in large gold bars ahead of clearing launch [Bloomberg]

"While the city plans to start by using the London Good Delivery standard, its future plans are still to be decided, according to sources."

• Major Chinese banks suspend individual trading on Shanghai Gold Exchange amid volatility ($) [SCMP]

"Risk controls intensify as banks seek to curb leveraged trading despite expectations of resilient long-term gold demand."

• Georgia the latest country to join the central bank Gold rush [FXStreet]

• Ghana weighing local control of Gold Fields’ biggest mine [Mining]

• Guinea President Mamadi Doumbouya bans raw gold exports [BBC]

• India's central bank sold net $8.9 billion in April, gold holdings unchanged [Reuters]

• Why is Singapore building the gold hub that India wanted? [Finshots]

• 'Mannequin' gold smugglers to face Japan's long arm of the law [NHK World]

"Police in Tokyo have arrested six people accused of smuggling large amounts of gold into Japan from China. Customs officials found almost 50 kilograms of the precious metal hidden inside life-size dolls. The haul is worth more than 6.5 million dollars, but it could be the tip of the iceberg."

• DGCX introduces first same-day physical gold contract in Gulf [Investing News Network]

"DGCX aims to capture a larger share of the institutional trade moving between European and Asian markets through instant delivery of bullion."

• Gold rush from London? Not true, not new [BullionVault]

"Bank of England gold custody hits 4-year high..."

• Inside Thanh Hoa’s gilded royal sanctuary of the Later Le Dynasty [VietNamnet]

"With its majestic architecture, lavish gold-adorned interiors and deep historical significance linked to the Later Le Dynasty, the main hall of Lam Kinh is attracting thousands of visitors every day, helping turn the Lam Kinh Historical Site into one of Thanh Hoa's most appealing destinations."

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

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