Gold price tops $5,500 per ounce for first time

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

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Gold price

Gold price: $5,159.10 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $201.55 (4.07%)

Gold news

This week’s summary of gold news and analysis.

• Gold price tops $5,500 per ounce for first time [Goldscape]

Last week’s newsletter reported that gold topped $4,900 for the first time. The gold price broke through the historic $5,000 mark on the 25th of January, and on the 28th of January, it rose over $300 to reach $5,500.

• Gold eyes best monthly gain in over 50 years; silver breaks $120 [Reuters]

• Gold is not rallying it is replacing faith [FX Street]

"Gold did not creep higher. It kicked the door in. After blowing through $5,500 in early Asia, bullion is no longer trading like a commodity."

• Gold has more room to run as geopolitics, cenbank buying fuel gains, analysts say [Reuters]

• Gold demand trends: Q4 and full year 2025 [World Gold Council]

• Who’s been buying all the gold? (archive) [Financial Times]

"Because it doesn’t look like it’s the central banks."

🔮 Gold price forecasts

• Forget $5,000: Bank of America sees gold price hitting $6,000/oz by Spring 2026 [Kitco]

• SocGen sees gold topping $6,000 an ounce by the end of the year [MarketWatch]

• Deutsche Bank sees gold reaching $6 000 per ounce in 2026; Citi lifts near-term silver forecast [Mining Weekly]

• RBC: Gold rally has 'room to run'; sees potential for $7,100 [InvestingLive]

• Gold to $10,000 and silver to $150: my wild, or perhaps not-so-wild 2026 gold and silver price predictions [Barchart]

• This is when gold is expected to hit $10,000, according to Yardeni [Investing]

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🌐 World gold news

Gold news from a global perspective.

🇨🇳 China

• China buys gold, sells Treasurys as investment options narrow (archive) [Nikkei Asia]

"Beijing's holdings of the precious metal may be far higher than disclosed."

• China’s ‘gold fever’ sparks US$1 billion scandal as trading platform collapses [SCMP]

🇬🇭 Ghana

• Even as gold hits record highs, Ghana is quietly ditching its gold for foreign currency [Business Insider Africa]

• Ghana moves to rewrite mining laws for bigger share of gold revenues [Barron's]

🇮🇳 India

• Record gold prices are pinching both buyers and jewelers in India (archive) [Bloomberg]

• Explainer: Why India may increase duties on gold and silver imports [Reuters]

🇮🇶 Iraq

• $10K per kilo: The new fee killing Iraq’s gold trade [Shafaq News]

🇯🇵 Japan

• Retail gold prices exceed 30,000 yen per gram for 1st time [Nippon]

🇱🇧 Lebanon

• Breaking taboo, Lebanese minister suggests selling gold reserves [The New Arab]

🇸🇬 Singapore

• Singapore investor demand for gold up 48% to 9.6 tonnes as WGC confirms historical 2025 for asset [Yahoo Finance]

🇿🇦 South Africa

• The gold boom has miners scrambling to find the next mother lode (archive) [The Wall Street Journal]

"Record prices are breathing new life into South Africa’s ailing gold-mining industry."

🇨🇭Switzerland

• Paolo Ardoino explains why he chose Switzerland nuclear bunkers as storage locations for Tether’s gold [Cryptopolitan]

🇹🇭 Thailand

• Thailand to strengthen controls on gold trading to curb baht rise, central bank chief says [Reuters]

• Thai gold traders with at least B10bn in annual transactions must report to central bank [Bangkok Post]

• Thai gold shops face closures as prices top 70,000 baht [The Nation]

🇹🇷 Türkiye

• Turkish consumers rush to buy gold at Istanbul’s Grand Bazaar [Hürriyet Daily News]

🇦🇪 United Arab Emirates

• The world’s first Gold Street is coming to Dubai [TimeOut Dubai]

"A street constructed using gold is set to be built in Dubai as part of huge plans to build a new “home of gold” in the emirate."

Read more at the Government of Dubai Media Office: Dubai Gold District launches as the global epicentre for gold and jewellery trade

🇬🇧 United Kingdom

 • Record levels of bullion buying as gold fever grips London [Yahoo Finance]

🇻🇳 Vietnam

• Prime Minister orders report on proposed national gold exchange [VietNamNet Global]

• Vietnam the only Southeast Asian country to see gold sales decline in 2025 [VnExpress]

Gold-backed cryptocurrency

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• Tether says it bought 27 tons of gold in fourth quarter [Reuters]

• Gold hits record high as Tether reports gold-backed token is growing faster than USDT [Crypto Adventure]

Read more about gold-backed cryptocurrencies.

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

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