Precious metals selloff reflects Iran liquidity crunch

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

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Gold price: $4,444.20 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$229.70 (-4.91%)

This week’s summary of gold news and analysis.

• Gold erases 2026 gains as central bank selling hits headlines [BullionVault]

• Precious metals selloff reflects Iran liquidity crunch, and the gold outlook could improve ‘quite sharply’ once forced selling stops – Saxo Bank’s Hansen [Kitco]

• Gold tanking during a crisis? We've seen this pattern before [Gold Seek]

• Why UBS says you shouldn't ditch gold even after it's tumble into a bear market during the Iran war [Business Insider]

• Commentary: Gold is seen as a ‘safe haven’ in uncertain times. Why is it crashing amid a war? [CNA]

"Over the past few months of geopolitical chaos and market panic, gold has moved more like a roller coaster than a steady ship at anchor, says a finance professor."

• If you aren’t buying gold in this correction, you never will, says WisdomTree’s Shah [Kitco]

• Gold will surge again—and faster than most expect [Investing]

• Gold struggles amid geopolitical tensions, but Wells Fargo still sees $6,200/oz by year-end [Kitco]

• Gold at $10,000? Market watchers hold firm on forecasts despite bullion bear market slide [CNBC]

• Buy gold at a starting bid of $1 at BullionStar Auctions.

Gold news from a global perspective.

• Inside the vault: Australia’s secretive gold bullion trade (archive) [The Courier Mail]

• A decade of data shows China swapping U.S. bonds for gold [Voronoi]

• France completes repatriation of gold reserves from the US, gains over €13 billion [UA News]

• Will the pullback in gold lead to more physical demand in India? [CNBC]

• India extends UAE gold import authorisations to June 30 [Reuters]

• The price of gold is reshaping Indian weddings — here's how [DW]

• Indonesia’s Merdeka Gold files for Hong Kong listing [Mining]

• Kyrgyzstan, SICPA to launch gold mining traceability system [Kazinform]

• Singapore sets out plans to build Asia gold trading hub [Reuters]

• LionGlobal Singapore Physical Gold ETF debuts on SGX with $500m AUM [Singapore Business Review]

"It is the country’s first fund supported by locally stored physical gold."

• Rise in fake gold as high prices push buyers to secondary markets, say dealers [CNA]

"Soaring gold prices have driven demand for the precious metal, pushing buyers towards online channels where counterfeit items are increasingly entering the market."

• Inside ‘Asia’s Fort Knox’: Gold bars, fine art — and a 66-million-year-old Triceratops [CNN]

• South Africa's gold producers stay in the shallows as prices surge [Reuters]

• Thai gold traders warn of high market volatility as global prices swing [Pattaya Mail]

• Turkey taps its gold reserves, sells 58.4 tonnes of gold in two weeks [Kitco]

• AED43 billion: UAE central bank gold reserves exceed record high [Emirates 24|7]

• Bao Tin Minh Chau: A gold empire and 'flaws' revealed [The Investor]

• Buy and sell gold with cryptocurrencies with low fees, secured and insured in professional vaults. (sponsor)

• World Gold Council proposes “Gold as a Service” framework impacting tokenized gold market [Cryptorank]

Major gold holder announces first full audit after years of scrutiny [The Street]

Read more about gold-backed cryptocurrencies.

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

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