It’s time to get bullish on gold again

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

Gold price: $4,470.02 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$114.15 (-2.49%)

This week’s summary of gold news and analysis.

• Central Bank Gold Statistics: Central banks make positive headlines on gold [World Gold Council]

"Central banks continued their gold accumulation in July with net buying reported at 23t. Emerging markets have also continued to accumulate gold this month with China (20t) and Poland (8t) taking the lead".

• Gold investing leaps on dramatic price rise [BullionVault]

“Gold investing beats profit-taking by most in 14 months...”

• It’s time to get bullish on gold again, says SocGen [Kitco]

• A forever gold bull market? [FXStreet]

"That’s the view of Ned Davis Research Chief Alternative Strategist John LaForge."

• Amid a shift in demand, jurisdictions jostle to become Asia’s gold hub [Asia Asset Management]

"Dubai, Hong Kong, Shanghai and Singapore are racing to become Asia’s gold hub as institutional demand shifts east, with each pursuing distinct strategies and drawing on different strengths to gain the edge."

• Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher [Kitco]

• Gold price forecast, prediction: RBC leans toward $4,929 by year-end, $5,296 in 2027 [Exchange Rates]

• Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation, miners offer greatest upside - Crescat’s Kevin Smith [Kitco]

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Gold news from a global perspective.

• Hong Kong is trying again to be a gold trading hub. Will it succeed this time? ($) [South China Morning Post]

• Beijing’s currency playbook: cap the Yuan, buy the gold, build the pipes around the dollar [Modern Diplomacy]

"Beijing wants the yuan usable enough that trading partners under sanctions risk have an alternative to a dollar system that can be switched off."

• Ghana tightens gold exports in push to keep more value at home [Al Jazeera]

• Nations "repatriating" gold from the US, playing out the "war scenario" – What is happening with Greek reserves [Banking News]

• Why Modi is asking people in India to stop buying gold [Independent]

"The unusual appeal from the prime minister has a direct impact on India’s foreign exchange reserves as the economy grapples with energy crisis and declining currency value".

• Gold leakage in a mining nation (archive) [Tempo]

"This country has abundant gold mines, but apparently does not always know where its gold ends up. From illegal mining pits, the precious metal flows to collectors, enters processing facilities, and then finds its way overseas through unrecorded channels."

• Dutch central bank shifts billions in gold to London in ‘crisis preparedness’ move [AP News]

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• Thai central bank says gold curbs working, may tighten if necessary [Bloomberg]

• Turkey’s central bank gets 16 tons of gold back to reserves [Investing]

• List of countries that have pulled gold from US Federal Reserve [Newsweek]

• Europe’s gold fled the Nazis. Now it’s fleeing Trump. [The Bulwark]

"Our allies once trusted America to safeguard their reserves. Now they worry the president might freeze them."

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• Tokenized gold is becoming productive collateral in crypto lending, Arch says [crypto news]

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

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