Gold finds a floor amid Fed uncertainty

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

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Gold price

Gold price: $4,184.52 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $128.84 (3.18%)

Gold news

This week’s summary of gold news and analysis.

• Gold finds a floor amid Fed uncertainty, but breakout will only come in 2026 - BCA’s Ibrahim [Kitco]

• How BRICS gold buying and global reserve shifts could trigger a major repricing [InvestingHaven]

Central bankers disagree about gold [The Mises Institute]

🔮 Gold price forecasts

Why gold prices could soar another 20% next year, according to top Wall Street forecasters [Business Insider]

Gold will hit $4,500/oz by mid-2026 on ETF, central bank demand and real-asset hedging – Morgan Stanley [Kitco]

• Gold price could blow past $4,900/oz in 2026 if investors buy into diversification – Goldman Sachs’ Struyven [Kitco]

Gold is likely to reach $5,000 in 2026 – Deutsche Bank [FXStreet]

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🌐 World gold news

Gold news from a global perspective.

🇧🇩 Bangladesh

• Bangladesh authorities seize 10 kg gold from Hasina’s bank lockers [The Hindu]

🇨🇳 China

• China’s 2025 gold purchases likely 10X higher than the official 25 tons, real total reserve tops 5,000 tons - SocGen [Kitco]

• China’s October net gold imports via Hong Kong fall about 64% from September [Mining]

🇬🇭 Ghana

• Ghana calls for global gold certification regime to combat smuggling [CitiNewsroom]

🇮🇳 India

• India's eternal obsession with gold lifts imports 200% in October [Nikkei Asia]

🇮🇩 Indonesia

• Indonesia finalizes export duty formula for gold, coal, minerals [Antara News]

• Gold prices boost Freeport Indonesia's revenue despite falling production [Tempo]

🇮🇶 Iraq

• Iraq’s Central Bank plans to increase its gold reserves [Iraqi News]

🇮🇹 Italy

• Italy presses ahead with claim on central bank's $300 billion gold pile [Reuters]

• Who does Italy's gold belong to? And why are we talking about it now? [euronews]

🇯🇵 Japan

• Two men suspected of smuggling 1 ton of gold into Japan from South Korea [The Japan Times]

🇲🇾 Malaysia

• ‘Why didn’t I buy more?’: Soaring gold prices draw crowds of buyers, sellers to KL jewellers [The Straits Times]

🇷🇺 Russia

• Moscow sells gold, EU targets frozen Russian assets to keep funding war [BullionVault]

🇸🇬 Singapore

• Lion Global Investors launches first physical gold fund vaulted in Singapore [The Straits Times]

• The gold rush east: inside Singapore’s Fort Knox [Wall Street Journal]

"After gold prices surge to a record high, WSJ gets rare access inside one of the world’s largest bullion vaults–part of Singapore’s drive to become a global gold hub."

🇪🇸 Spain

• Spanish gold coin from 1609 breaks European record at auction [Reuters]

🇹🇭 Thailand

• BOT cracks down on grey capital, tightens gold and exchange controls [The Nation]

• Kingsgate announces settlement of dispute with Thai government, ending ‘Akara Gold Mine’ case [The Nation]

🇦🇪 United Arab Emirates

• Dubai: Selling gold coins and bars will be difficult without proof of origin, says WGC [Khaleej Times]

• India urges UAE to follow quota system for gold exports [Financial Express]

🇺🇸 United States

• U.S. Senator introduces comprehensive gold audit legislation [Metals and Miners]

🇻🇳 Vietnam

• How a secret pipeline fed Hanoi's jewelry market with 546 kg of gold smuggled from China [VnExpress]

🇿🇼 Zimbabwe

• Zimbabwe to hike royalties on gold producers to cash in on recent record prices [Mining Weekly]

Gold-backed cryptocurrency

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

• Tether buys 26 tonnes of gold in Q3, absorbing 2% of global supply [Coin Edition]

• Tether: the $180bn gold whale (archive) [Financial Times]

• Tether’s gold purchases could support prices for years - Jefferies [Kitco]

Read more about gold-backed cryptocurrencies.

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

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