Gold could hit $3,000/oz over the next 12-18 months (BofA)

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

Gold price USD/OZ: $2,324.65 [View live gold price.]

Change from last week: -$37.06 (-1.57%)

BofA: Gold could hit $3,000/oz over the next 12-18 months

$3,000 gold by 2025 is ‘not crazy’, miners have ‘significant upside over the next 12 months’ – Sprott’s John Hathaway

‘Cold War 2.0’ just one reason why gold will outperform silver, base metals in H2 2024 – Bloomberg’s McGlone

Gold market is building a staircase to $2,400 and beyond - Joy Yang of MarketVector Indexes

BRICS gold-backed currency to launch at 2024 summit?

APAC asset owners lead the charge in raising gold exposure

Do you know? Gold is edible! Here are 5 dishes that are made with gold!

🇨🇳 China

All the gold in China, again

"With the gap between China's visible gold supply and visible demand widening yet further so far in 2024, someone has finally checked the data for what's happening to commercial bank holdings of bullion."

Is China hiding how much Gold it really has?

🇨🇮 Côte d’Ivoire

Many Peaks grows gold portfolio in Côte d’Ivoire by 50pc

🇬🇭 Ghana

Ghana retains position as Africa's leading gold producer

🇮🇳 India

RBI’s overseas gold holding touches a six-year low

What’s the secret behind India’s gold obsession? It’s not what you think

🇰🇬 Kyrgyzstan

Kyrgyzstan increases export of gold to China 10 times in 4 months

🇵🇰 Pakistan

Pakistani gold jewelry exporters plan relocation to UAE amid taxation challenges, says trade association

🇸🇬 Singapore

🇿🇦 South Africa

Theta raises another $4m for South Africa gold project

🇨🇭 Switzerland

Buy and store gold bullion and coins in Switzerland 🇨🇭(sponsor)

🇻🇳 Vietnam

Smuggling gold: The hidden crisis in Vietnam

🇿🇼 Zimbabwe

Zimbabwe’s new ZiG currency receives official ISO code after two months

“The currency, now officially recognized with the code ZWG (Zimbabwe Gold), received this designation from the ISO 4217 Committee.”

Swarm Markets joins RWA frenzy: launches gold-backed NFTs

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.