Central bank momentum eases in January while demand base broadens

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

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Gold price

Gold price: $5,119.43 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$70.59 (-1.36%)

Gold news

This week’s summary of gold news and analysis.

• Central bank gold statistics: Momentum eases in January while demand base broadens [World Gold Council]

• Gold and silver investing never more popular as war erupts [BullionVault]

• Investors turn to gold, not bonds, as haven from war in Iran (archive) [Financial Times]

• How has war impacted the gold price in the modern era? [FXStreet]

• Why gold isn’t exploding despite war [Forbes India]

"The Iran conflict triggered market volatility, but the precious metal’s muted response reveals deeper macro forces at play."

🔮 Gold price forecasts

• Gold surge on Iran strikes: can war risk send gold to $6,500, silver to $150? [FXEmpire]

• Gold price forecast – our $8,000 target was likely too conservative [FXEmpire]

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🌐 World gold news

Gold news from a global perspective.

🇧🇫 Burkina Faso

• Burkina Faso becomes Africa's gold hotspot as economic boom unlocks fresh $33 million IMF funding [Business Insider Africa]

🇨🇳 China

• China ramps up efforts to establish Hong Kong gold hub with major moves in public, private miners and new market infrastructure [Kitco]

• China’s January net gold imports via Hong Kong rose almost 69% [Kitco]

• Chinese man discovers gold particles in duck’s stomach, weighing 10 grams, worth US$1,800 [SCMP]

🇨🇿 Czechia

• Czech central bank marches on toward 100-ton gold reserve target, keeps Bitcoin on hold [Cryptopolitan]

🇬🇭 Ghana

• China, US pressure Ghana to halt gold royalty hike, document, sources say [Reuters]

🇮🇳 India

• Billionaire sitting on 16,000 kilos of gold says price will rise (archive) [Bloomberg]

"Joy Alukkas, an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks."

🇳🇬 Nigeria

• Nigeria's central bank boosts reserves with new locally mined gold, holdings hits $3.5 billion [Business Insider Africa]

🇵🇱 Poland

• The world’s biggest sovereign gold buyer might start selling to double defense budget [Kitco]

🇸🇬 Singapore

• Singapore taps JPMorgan, UBS to push regional gold hub ambition (archive) [Bloomberg]

🇰🇷 South Korea

• South Korean central bank plans to invest in gold ETFs [FXStreet]

🇸🇩 Sudan

• Sudanese gold reserves could top 2,000 tonnes, official says [Sudan Tribune]

🇹🇭 Thailand

• Thai gold-trading curbs take effect as authorities rein in baht (archive) [Bloomberg]

• Gold fever returns to Warorot Market as U.S.-Iran tensions send prices soaring [Chiang Mai Citylife]

🇹🇷 Türkiye

• Gold's rise cheers Turks, takes shine off anti-inflation efforts [Reuters]

🇺🇬 Uganda

• Uganda's central bank to start its gold buying programme this month [Reuters]

🇦🇪 United Arab Emirates

• The UAE has become a massive bullion hub in recent years | The country imported 1,392 tons of gold in 2024, worth more than $100 billion [Mining]

• Dubai gold flows curbed as flights halted due to US-Israeli strikes on Iran [Reuters]

🇺🇸 United States

• What the gold rally means for this NYC rare coin shop [Yahoo Finance]

🇻🇳 Vietnam

• Gold stores run out of 24K rings amid demand spike [VnExpress]

Gold-backed cryptocurrency

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• When gold meets crypto: are crypto traders taking over gold’s price? [TradingKey]

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

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