Important Events in Asian Countries that will shape Gold prices.

8^th July 2026

 

Important Events in Asian Countries that will shape Gold prices.

 

Dear Fellow Investors,

 

Jai Hind! When it comes to predicting market events, commodities, and personalised predictions, we are always way ahead. Last month, we shared our perspective on Gold for the coming time. 

 

Yesterday, Economist Jim O'Neill, the person who coined the word BRICS, stated that BRICS nations building alternatives to the US dollar is no longer a "fantasy". He credited new payment technologies for changing his view on this shift, and he helped launch a new policy platform called Brics+. This means the Western world is convinced that DE-DOLLARISATION is a fact and not a FANTASY as they previously thought.

 

Today I am sharing 3 events that have taken place recently in Asia. These events will help in speeing up the De-dollarisation and Gold price control.

 

Hong Kong: -  

 

Hong Kong has launched a new gold settlement infrastructure strengthening Asia’s role in the global physical gold trade. 

 

For decades London and New York have dominated global gold pricing through paper trading in gold markets. 

 

Asia is building more infrastructure around physical settlement.

 

What It means? : - Gold prices will move with PHYSICAL availability and not with the paper manipulations of the western world. For the last 20 years our MANTRA to all our readers was simple – buy physical gold and sleep. We were always against GOLD ETF and MCX Gold. 

 

China:- 

 

15 days ago, a CHINESE bank decided to close down certain paper gold contracts for Retail clients. They gave two options: Convert into physical gold or close the paper trade before the deadline. Gold fell to USD 3935 during that week. 

 

The official explanation was risk management during price volatility. The real reason is they want people to move to physical gold. 

 

When gold is traded physically, the chances of volatility will reduce over a period of time. When gold is steady, it means the currency backed by GOLD will also have a realistic value in the market and will not be volatile. 

 

India: - 

 

Modi Ji is trying to mobilize household gold through banks and jewellers in the new gold monetisation schemes.

 

The purpose is to get a fraction of gold into the formal financial system, which could improve liquidity and reduce imports.

 

Russia and Turkeye Sold Gold: - 

 

In recent years, Russia and Turkey sold gold to meet their financial needs. But Central banks of the world are adding physical gold as if there is no tomorrow. This means banks know that holding currencies is riskier, and holding gold is more profitable. 

 

What it means for LONG TERM INVESTORS in GOLD?: -

 

Gold will move up and down due to various factors, like inflation, interest rates, war, and many other issues. 

 

Investors who have a vision to hold gold for a minimum of 5-10 years should add physical gold during any panic and sleep soundly. 

 

Take your call. 

 

Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.

 

Learn a Lesson. Live with Passion & Invest with Reason.

 

Hitesh Parikh.