Bank of America sees a path to $4K gold in the second half of 2025

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

Gold price USD/OZ: $3,317.13 [View live gold price.]

Change from last week: $62.05 (1.91%)

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Gold news

• Bank of America sees a path to $4K gold in the second half of 2025

• The price gap between oil and gold points to a recession and $4,000 gold - Bloomberg’s Mike McGlone

• Gold poised for parabolic rise following back-to-back gains

• Max Keiser: shift towards gold-backed currencies threatens US dollar

• Asian demand is driving gold, with India and China now taking turns dictating price action

🌐 World gold news

🇦🇺 Australia

• AP PHOTOS: Gold is swiftly transformed from ore to bars in Australia after weeks of record prices

🇧🇩 Bangladesh

• Why gold costs more in Bangladesh than in India, Dubai

🇨🇳 China

• China keeps adding gold to reserves as challenges stack up

"China expanded its gold reserves for a sixth straight month in April, underlining its push to boost holdings of the precious metal as prices trade near a record and the trade war rumbles on."

• Shanghai Gold Exchange to expand warehouse network to Hong Kong

• China loosens gold import quotas with eye on arresting yuan rally

• Shanghai’s first gold ATM draws crowds as prices hit record highs

🇨🇿 Czechia

• Hikers stumble upon a pile of gold coins, igniting a historical hunt (archive)

"The discovery of coins and jewelry in the Czech Republic worth up to $680,000 raises a tantalizing mystery for historians and amateur sleuths: Who buried the treasure?"

🇪🇬 Egypt

• Egypt sets new record with $3.2 billion in gold exports in early 2025

🇬🇭 Ghana

• Ghana’s Central Bank Gold’s holdings worth GH₵46 billion

🇮🇳 India

• How much gold reserves does the RBI keep in India? Central bank goes slow in bringing home gold from overseas vaults

🇮🇶 Iraq

• Iraq increases its gold reserves by 100 kilograms

🇳🇦 Namibia

• Namibia joins central banks’ gold rush to hedge against shocks

🇵🇰 Pakis­tan

• 60-day ban on gold exports

"Pakis­tan has enacted a 60-day ban on importing and exporting precious metals, jewellery, and gemstones to stabilise its foreign exchange reserves."

🇸🇬 Singapore

• Gold dealers report demand up by 200% in first 4 months of 2025

🇬🇧 United Kingdom

 • Gold reserves in London vaults rise in April as bullion returns from US

🇺🇿 Uzbekistan

• Uzbekistan becomes world's top gold seller

🇻🇳 Vietnam

• SBV governor: Supply bottlenecks, speculation driving gold price gap

"According to the Governor of the State Bank of Vietnam, the sharp rise in domestic SJC gold bar prices - outpacing global gold price increases since early April - is largely due to market expectations of further gains and limited gold bar supply."

Gold-backed cryptocurrency

• Kyrgyzstan's gold-backed dollar pegged stablecoin USDKG to debut in Q3

“The stablecoin will be backed by $500 million in gold from the Kyrgyz Ministry of Finance, with plans to expand reserves to $2 billion.”

Read more about gold-backed cryptocurrencies.

Gold Weekly features curated articles from various sources and is not financial advice. For advertising and news submission requests, contact us.