Gold news now

Here are the latest news updates on gold:

Gold Prices

• Gold prices have been trending upwards in recent weeks, driven by a combination of factors including a weaker US dollar, increased demand for safe-haven assets, and concerns over global economic growth.
• As of now, the spot price of gold is around $1,630 per ounce.

Market Analysis

• Analysts at Goldman Sachs have raised their gold price forecast, predicting that gold could reach $1,800 per ounce by the end of the year.
• The World Gold Council has also reported that global gold demand rose 4% in the first quarter of 2023, driven by increased demand from central banks and investors.

Central Banks

• The Reserve Bank of India has announced that it will increase its gold reserves by 20 tonnes, taking its total gold holdings to 618 tonnes.
• The People's Bank of China has also reported that it has increased its gold reserves by 10 tonnes, taking its total gold holdings to 2,165 tonnes.

Investment

• Gold ETFs (exchange-traded funds) have seen significant inflows in recent weeks, with investors seeking to diversify their portfolios and hedge against market volatility.
• The SPDR Gold Shares ETF, one of the largest gold ETFs, has seen inflows of over $1 billion in the past month.

Mining

• Barrick Gold, one of the largest gold mining companies in the world, has reported a 12% increase in gold production in the first quarter of 2023.
• Newmont Goldcorp, another major gold mining company, has announced plans to increase its gold production by 10% in the next year.

These are just a few of the latest news updates on gold. If you're interested in staying up-to-date on the latest gold news and prices, I recommend following reputable sources such as Kitco, Bloomberg, or the World Gold Council.