The gold price rally is not over; UBS is calling for $2700 by next year
The gold price rally is not over; UBS is calling for $2700 by next year
Gold Price: $2,344.19 News: RBI relocates 100 tonnes of gold from UK to its Indian vaults
Your weekly summary of the most important gold news and analysis of the last week.
Gold price USD/OZ: $2,344.19 [View live gold price.]
Change from last week: $5.70 (0.24%)
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Gold news
The gold price rally is not over; UBS is calling for $2700 by next year
Fed will cut five times this year, driving gold to $3,000 by H1 2025 – Citigroup’s Max Layton
Analyst predicts 'prolonged and substantial gold bull market' — eyes $7,000 price
Gold has new momentum as its utility grows in global trade - Franklin Templeton’s Steve Land
Gold SWOT: The “safe haven” of choice is shifting from U.S. Treasuries to gold
Reshaping the global gold market
“As much as Western investors want to ignore the gold market, there is no denying that we are seeing a generational shift in the marketplace.”
Would returning to the gold standard resolve our most pressing monetary problems?
$27,000 Gold by James Rickards
”I’ve previously said that gold could reach $15,000 by 2026. Today, I’m updating that forecast. My latest forecast is that gold may actually exceed $27,000.”
World news
🇨🇳 China
China's gold rush shows consumers still have money to boost economy
China's April net gold imports via Hong Kong down 38pc from March
🇬🇭 Ghana
I’ll stabilise cedi with gold – Bawumia
“The flagbearer of the New Patriotic Party (NPP), Dr Mahamadu Bawumia, has promised to stabilise the local currency if he is elected president in the December 7 polls.”
🇮🇳 India
RBI relocates 100 tonnes of gold from UK to its Indian vaults: Report
🇲🇲 Myanmar
Yangon and Mandalay gold traders stop selling as market price surges
“Believing they would not make a profit if they sold at the price set by the junta-run Myanmar Gold Entrepreneurs’ Association, gold merchants in Myanmar’s largest cities closed up shop.”
🇹🇷 Türkiye
Türkiye bolsters gold reserves with 55-ton increase
🇦🇪 United Arab Emirates
Billions in African gold smuggled to UAE yearly, SwissAid says
🇻🇳 Vietnam
4 state-run Vietnamese banks to directly sell gold in early June
🇿🇼 Zimbabwe
Zimbabwe's new gold-backed currency faces public skepticism amid crackdown
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