Foreign central banks hold more gold than U.S. treasuries

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

Gold price: $3,407.71 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $78.12 (2.35%)

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Gold news

• For first time in nearly 30 years, foreign central banks hold more gold than U.S. treasuries [FX Street]

• Gold: Investment winning over adornment [BullionVault]

"Record gold prices are crushing jewellery demand..."

• Goldman Sachs: "How central banks and ETFs are shaping gold’s future" [FX Leaders]

• The new gold play as investors look to hedge against risk, volatility [CNBC]

🔮 Gold price forecasts

• UBS sees macro forces driving gold prices to $3,700 by mid 2026 [InvestingHaven]

• Gold remains on the path to $4,000 as the US dollar weakens - Bank of America [Kitco]

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🌐 World gold news

Gold news from a global perspective.

🇦🇺 Australia

• Kalgoorlie's Super Pit aims to reclaim crown as Australia's biggest-producing gold mine [ABC]

🇨🇳 China

• China's net gold imports via Hong Kong more than doubled in July [Reuters]

• China's global search for gold [Asia Sentinel]

"Beijing scours the tropics."

• China’s insurers must buy more gold in the future. How will the West react? [Goldinvest]

• Hong Kong’s gold trading ambitions tested by talent shortage [The Business Times]

🇬🇭 Ghana

• Gold Fields’ Ghana gold production falls 10% in H1 2025 [African Mining Market]

🇮🇳 India

• India considers easing restrictions on gold in pension funds [Mining]

• India's gold reserves over the years from 2021 to 2025 — RBI — (in Metric Tonnes) [WION]

🇮🇶 Iraq

• Iraq shifts reserves: More gold, fewer foreign assets [Shafaq News]

🇰🇬 Kyrgyzstan

• Kyrgyzstan begins mining gold at Kumtor deposit after nationalisation [Reuters]

🇲🇾 Malaysia

• Malaysia sets gold standard with first ultra-secure bullion vault [The Star]

🇷🇼 Rwanda

• Central bank bullish about Rwanda's investment in gold reserves [The New Times Rwanda]

🇨🇭Switzerland

• Strong increase in Swiss Gold exports to the US – Commerzbank [FX Street]

🇦🇪 United Arab Emirates

• UAE shoppers, jewellers worry after gold price forecasts revised to $3,600 [Gulf News]

🇬🇧 United Kingdom

 • Letter: London gold market more than proves its mettle (archive) [Financial Times]

From Ruth Crowell, Chief Executive, LBMA (London Bullion Market Association)

"I strongly disagree with both the direction and many of the unsupported assertions in Bernhard Schnellmann’s op-ed (“Gold is too vital to be overseen by private entities”, Markets Insight, August 15)."

• Scottsdale Mint's Josh Phair says London "no longer the top jurisdiction" for gold [Kitco]

🇻🇳 Vietnam

• Gold at $5,040 per tael as monopoly ends: Banks set to cash in [VietNamNet Global]

"Vietnam lifts its gold monopoly, opening the door for major banks as SJC gold hits a record high."

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

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