Is $4,000 once again acting as a floor?

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

Gold price: $4,012.91 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$13.76 (-0.34%)

This week’s summary of gold news and analysis.

• Gold chart update: Is $4,000 once again acting as a floor? [Shanghai Metals Market]

• Amundi says ‘worst is behind us’ as gold flirts with $4,000 (archive) [Bloomberg]

• Does gold rise when markets panic? What 16 fear events reveal [BullionVault]

• POLL Strong dollar, high yields drag on gold outlook, but central-bank demand lends support [Reuters]

• Geopolitical tensions complicate the gold bull case, says AHG president [Investing]

• Buy the gold dip or wait? What the 26% price drop means for investors [Canadian Mining Report]

• Gold price needs to build a floor here or face a deeper correction - Standard Chartered’s Cooper [Kitco]

• The geopolitics of gold reserve storage [Geopolitical Intelligence Services]

• Gold prices could fall to $3,900, silver to $50 as Fed tightening pressures precious metals – Sucden Financial [Kitco]

• Downside risks are building in gold, but prices still have a path to $5,000 - State Street’s Doshi [Kitco]

Contact BFI to enquire about gold bar and coin offers and storage in Switzerland.

Gold bars: 1oz, 100g, 250g, 500g, and 1kg are purchased directly from a Swiss refiner and are freshly produced for our clients.

Gold coins: Bulk orders of 1oz gold coins from the leading mints at the most competitive rates.

Gold news from a global perspective.

• Amateur prospector discovers gold nugget worth $150,000 on outback station [ABC]

• Chinese households are buying gold’s dip as prices test $4,000 (archive) [Bloomberg]

• Global gold trading hub status attracts industry leaders to set up operations in Hong Kong [South China Morning Post]

• Ghana lost 1.1 million ounces of gold to smuggling in 2023 – GHEITI report [Modern Ghana]

• India jewelers hold off gold buying, betting prices will drop (archive) [Bloomberg]

• Indonesian Customs detail gold smuggling crackdowns in five airports [Tempo]

• Mozambique: Central bank plans to buy national gold to strengthen foreign reserves [Club of Mozambique]

• Scam victims leave gold in forest in growing Norwegian fraud [Mining]

• Dubai Gold District to open world’s longest 24-karat gold walkway before year-end [Emirates 24/7]

• Dubai marks two new Guinness World Records with giant gold earrings [Gulf News]

• Venezuela demands Bank of England return its gold reserves [teleSUR English]

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

• LBMA members back tokenised gold but seek legal certainty and safeguards [Reuters]

• Hong Kong Gold Exchange integrates gold-backed XGZ token with Chainlink CCIP [The Crypto Times]

Read more about gold-backed cryptocurrencies.

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

For news submissions and advertising enquiries, contact us at:

goldweeklynews @ gmail . com.

Follow Gold Weekly on LinkedIn, Facebook, and Bluesky.