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- Gold price tops $3,800 for first time
Gold price tops $3,800 for first time
[Gold Newsletter #283] Gold Price: $3,844.78 News: Gold is still underowned, Singapore and Hong Kong go for gold in precious-metal trade. Gold price forecasts: $4,000 to $4,300.
A summary of the most important gold news and analysis of the last week.
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Gold price
Gold price: $3,844.78 $XAUUSD ( 0.0% ) [View live gold price.]
Change from last week: $99.66 (2.66%)
Gold news
This week’s summary of gold news and analysis.
• Gold price tops $3,800 for first time [Goldscape]
• Bullion bonanza: why is gold hitting record highs? [The Guardian]
"Interest rates, inflation and geopolitical crises are providing the metal with its strongest annual performance since 1979."
• Even after September’s record investment demand, gold is still underowned - State Street’s Doshi [Kitco]
🔮 Gold price forecasts
• UBS forecasts gold price could reach $4,200 per ounce by mid-2026 [MarketScreener]
• Gold could hit $4,300 per ounce by end of 2026 driven by central bank purchases: Goldman Sachs [CNBC]
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🌐 World gold news
Gold news from a global perspective.
🇨🇳 China
• Zijin Gold shares surge over 60% in Hong Kong debut as prices for the precious metal hit record highs [Fortune]
"Shares in China’s Zijin Gold International surged more than 60% on its debut in Hong Kong on Tuesday after raising more than $3 billion in one of the world’s biggest initial public offerings this year."
"A pair of gold dragon and phoenix bracelets, the most basic bridal gifts, now costs 48 per cent more than at the start of the year."
🇮🇳 India
• How RBI's new rules will make loans against gold and silver easier [Hindustan Times]
🇮🇩 Indonesia
🇨🇮 Ivory Coast
• World’s top cocoa producer, Ivory Coast, expands its gold ambitions with new mining permits [Business Insider Africa]
🇸🇬 Singapore
• Singapore Mint launches investment-grade Lion Bullion bars as gold prices climb to new high [The Straits Times]
• Singapore and Hong Kong go for gold in precious-metal trade (archive) [Financial Times]
"The industry is centred on London and New York. Can it move east?"
🇨🇭Switzerland
• Tariff Talks: Swiss propose investment in US gold refining [Investing News Network]
🇹🇭 Thailand
🇦🇪 United Arab Emirates
• UAE: Why more people are buying gold over stocks [Khaleej Times]
🇬🇧 United Kingdom
🇺🇸 United States
• US gold reserves hit $1 trillion in value after record rally (archive) [Bloomberg]
• Excavators find $1 million in gold coins from Spanish shipwreck along Florida's 'Treasure Coast' [AP News]
🇻🇳 Vietnam
• Central bank to fix gold import-export quotas annually [VnExpress]
🇿🇼 Zimbabwe
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Gold Weekly features curated articles from various sources and is not financial advice.
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