China Makes Its Biggest Purchase in Three Years, Poland Targets 700 Tons, and LBMA Forecasts $5,000 Gold as U.S. Debt Concerns Grow
Gold closed the week at $4,195 per ounce, while silver held above $60 as central banks and institutional investors continued to reshape the precious metals market. China reportedly added more than 23 metric tons of gold last month, its largest monthly purchase in over three years, while global gold ETFs attracted more than $30 billion in third-quarter inflows. At the LBMA conference in Italy, delegates forecast gold exceeding $5,000 and silver reaching $97 per ounce within 12 months. Meanwhile, Metals Focus forecast projects gold averaging $5,330 in 2027, supported by rising government debt and sustained investment demand. Watch this week's market update video to discover what's driving gold and silver prices and what investors should watch next.
|