Gold should continue to consolidate around $4,000 an ounce

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

In partnership with

🇨🇭 Buy and store gold bars and coins in Switzerland with BFI 🇨🇭

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.

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

Gold price

Gold price: $3,996.78 $XAUUSD ( 0.0% ) [View live gold price.]

Change from last week: -$23.36 (-0.58%)

Gold news

This week’s summary of gold news and analysis.

• Gold should continue to consolidate around $4,000 an ounce [Kitco]

• Short-term consolidation will not alter the 'bullish logic'. [Futu]

• Gold grasps at $4k as consolidation continues [Forex]

• Gold's rally looks huge, but only ranks third in last 50 years [Reuters]

• Gold investing shouts 'crisis' at record prices [BullionVault]

"Strongest first-time gold investing since GFC peaked..."

• Gold’s V-shaped rebound: $4K target secured as central banks pile in [FXLeaders]

• Central bank gold buying hit highest level of the year in September [FXStreet]

• Gold: The quiet repricing of trust [investorStrategyNews]

• What is the gold price telling us? [Project Syndicate]

• Ranked: Unmined gold reserves by country (2025) [Visual Capitalist]

• $23 million viral gold cube faces liquidation after investor’s financial meltdown [artnet]

"The 400-pound gold sculpture by Niclas Castello—once touted as “not for sale”—is now tied up in the bankruptcy proceedings of an Austrian billionaire."

🔮 Gold price forecasts

• The gold correction is technical and temporary, and the next target is $4,200 - UBS [Kitco]

• Gold catches its breath as bulls keep their eyes on $5,000 [Kitco]

Bid and buy gold on BullionStar Auctions

• Buy gold at a starting bid of $1 at BullionStar Auctions.

🌐 World gold news

Gold news from a global perspective.

🇰🇭 Cambodia

• Cambodia to store gold in China, boosting Beijing’s bid to build global bullion hub: sources [The Business Times]

🇨🇳 China

• China cuts gold tax exemption as state bank stops gold product enrolments [Reuters]

• China’s ICBC to open vault boosting Hong Kong’s gold ambitions [Mining]

• Swiss firm MKS PAMP aims to help build Hong Kong as an international gold trading hub [SCMP]

🇬🇭 Ghana

• BoG’s gold reserves hit 38.04 tonnes at end of October 2025 [MyJoyOnline]

• Africa urged to leverage gold surge for lasting wealth [News Ghana]

🇮🇳 India

• Nat'l gold policy needed to contain losses: SBI Report [The Times of India]

• 103 ancient gold coins unearthed beneath Chola-era Shiva temple in Tamil Nadu [Daijiworld]

🇮🇩 Indonesia

• Indonesia struggles to keep up with gold buying frenzy [Jakarta Globe]

🇮🇶 Iraq

• Iraq’s gold reserves rise to 171 tons [Iraqi News]

🇰🇿 Kazakhstan

• Gold demand strengthens among Central Banks, Kazakhstan takes the lead [Kazinform]

"Global demand for gold among central banks strengthened in the third quarter of 2025, with Kazakhstan emerging as the largest purchaser, according to the World Gold Council (WGC), Kazinform News Agency correspondent reports."

🇵🇱 Poland

• Poland’s gold reserve kept in vaults in Poland, UK and US, says bank chief [TVP World]

🇨🇭Switzerland

• Record gold profit adds shine to Swiss National Bank's results [Reuters]

🇹🇭 Thailand

• Global gold fever continues as central banks hoard; Thai imports surge over 207 tonnes in 9 months [Nation Thailand]

🇹🇷 Türkiye

• A large gold deposit was found in Turkey, with an estimated value of $1.7 billion [LIGA]

🇺🇸 United States

• Solid gold toilet up for auction in New York with US$10 million starting price [CNA]

"The toilet will go on display from Nov 8 until the auction, and visitors will be able to see it up close and personal – but not use it."

🇺🇿 Uzbekistan

• Uzbekistan the only country to report net gold sales in September [The Times Of Central Asia]

🇻🇳 Vietnam

• Vietnam tops Southeast Asia in gold consumption with 55 tons annually [VnExpress]

Gold-backed cryptocurrency

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

• World’s first gold-backed stablecoin: Kyrgyzstan unveils USDKG [Kazinform]

"Ministry of Finance of Kyrgyzstan announces the registration of the world's first government stablecoin, USDKG, backed by real physical gold, Kabar reports."

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.