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Central banks eye gold, euro and yuan as dollar dominance wanes

Central banks eye gold, euro and yuan as dollar dominance wanes

[Gold Newsletter #269] Gold Price: $3,300.61 News: Gold is the most in-demand safe-haven asset among central banks, China opens first offshore gold vault in Hong Kong.

June 26, 2025

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

Gold price: $3,300.61 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$47.13 (-1.41%)

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Gold news

• Central banks eye gold, euro and yuan as dollar dominance wanes [Reuters]

• Gold is the most in-demand safe-haven asset among central banks - OMFIF [Kitco]

• Gold’s silently repricing the US Dollar – TDS [FXStreet]

"The US Dollar (USD) is partly losing its store-of-value function — a macro theme that has already occurred many times through history. Gold is capturing a portion of that store-of-value function, TDS' Senior Commodity Strategist Daniel Ghali notes."

• Europe wants to repatriate its gold from the US. And this is not insignificant. [MarketScreener]

• Why gold is (kind of) the world’s new reserve currency [Finimize]

• Why gold is still king amid global risks [London Loves Business]

• Here’s why young investors are buying so much gold and crypto right now [Market Watch]

• Why gold still reigns: the timeless appeal of the world’s oldest investment [Tatler Asia]

🔮 Gold price forecasts

• BofA sees $4,000 gold price on US debt concerns, not war [Mining]

🌐 World gold news

🇦🇺 Australia

• Prospectors flock to goldfields after large nugget unearthed [ABC]

🇨🇳 China

• China opens first offshore gold vault in Hong Kong [Mining]

• How deep will China go as it aims to boost gold production by more than 5%? (archive) [SCMP]

"Central government aims to increase country’s gold reserves by up to 10 per cent in next three years."

🇩🇪 Germany

• Germany, other EU countries urged to repatriate gold stored in US vaults [Financial Express]

"President Trump's second term has prompted the European Union countries to take stock of their US gold reserves, urging them to repatriate or undergo audits."

"The National Bank of Poland (NBP) has amassed 515.5 tonnes of gold, totalling 22.4 percent of its total reserves, the central bank said in a report on Tuesday."