Gold jumps most in 6 months

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

Gold price: $4,285.15 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: $208.73 (5.12%)

This week’s summary of gold news and analysis.

• Gold jumps most in 6 months as Hormuz deal progress lowers rate-hike odds [The Straits Times]

• Gold's rally has further to run as debt, de-dollarization fuel secular bull market: Gabelli's Mancini [Kitco]

• Chinese dip-buying bolsters gold as prices find floor at $4,000 [Bloomberg News]

"Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal’s decline and keep prices above the key threshold of $4,000 an ounce."

• Gold’s price potential still ‘explosive’ amid Beijing hoarding, Hong Kong trading push [SCMP]

"Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says."

• There may be a case for another gold rally [The business Times]

"In a world of fiat money, there is always a good reason to buy some of the precious metal."

• Dirty gold overtakes cocaine as crime’s cash machine [Mining]

• Gold is still in its ‘explosive phase,’ says Deutsche Bank, as it sticks to year-end target [MarketWatch]

"Gold began a phase of “explosive price behavior” in August 2024 and it hasn’t ended yet.

That’s the view put forwarded by Deutsche Bank strategist Michael Hseuh, who reiterated the bank’s year-end call for gold to reach $4,600."

• UBS forecasts gold at $5,200 by June 2027 despite near-term pullback risk [InvestingLive]

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Gold news from a global perspective.

• Australia's gold mining industry has 'bright' future – Surbiton Associates [Mining Discovery]

• Perth Mint sets Guinness record for world's largest gold bar [ABC]

"A gold bar produced in Western Australia weighing more than half a tonne has claimed the Guinness World Records title for the world's largest gold bar.

The Perth Mint created the 521.2 kilogram bar using Australian gold, refined to a 99.999 per cent purity."

• China's gold consumption patterns diverge amid volatile prices [China Daily]

• China central bank adds gold in Hong Kong to support trading hub [Bloomberg]

• China’s gold stockpile could surpass U.S. holdings in the next five years - BMO Capital Markets [Kitco]

• Dr. Stephen Leeb: China has 50,000 tonnes of gold. The dollar's replacement is already built [GoldSeek]

• Africa's largest gold producer grows gold reserves to massive $11.9 billion despite a $1.9 billion loss from a program [Business Insider Africa]

• India’s position in global gold reserves | Explained [The Hindu]

• Indonesia's gold demand surges 40 percent in Q2 2026 [Tempo]

• Indonesia dominates gold market, outshines Thailand and Vietnam combined [Retail News Asia]

• Bank of Korea resumes buying gold after 13-year pause [Korea JoongAng Daily]

"The central bank has added gold exposure through ETFs and is preparing to buy domestically produced bullion for the first time since 2013."

• How smuggled Sudanese gold is laundered through South Sudan to Dubai [Sudan Tribune]

• The ‘largest gold heists in history’ worth around $100m came from one of Africa’s bloodiest wars, with the UAE allegedly at the center [Business Insider Africa]

• Why UAE residents are buying gold coins as prices soar [Khaleej Times]

• Gold revaluation would pay Washington, not private holders, historian says [Kitco]

"America's gold is still valued at $42.22 an ounce on the federal books, more than $1 trillion below market. The fund built from the last revaluation was buying yen on Friday."

• Vietnam only Southeast Asian country with declining gold demand in Q2 [VnExpress]

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• Tether gold holdings rise 9.5% in Q2 as demand for tokenized gold remains strong through market volatility [Tether]

Read more about gold-backed cryptocurrencies.

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

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