Shanghai residents raised concerns after a customer discovered dark impurities inside a gold bar purchased from a bank when having it made into jewelry. Despite initial resistance from the bank, which blamed the jeweler and suggested tampering, the matching serial numbers on the gold bar and bank documents confirmed it was the original purchase. Financial regulatory authorities have since become involved, stepping in on Tuesday following the Wednesday incident. The bank, reportedly located in Shanghai’s Nanxiang area, has stated that verification processes are underway. Online commentators have noted the difficulty in distinguishing genuine gold from counterfeits, particularly since materials like tungsten have similar density to gold.

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Gold Could Hit $5,000 by 2026 — Here’s What Institutions See Coming
Institutions are turning increasingly bullish on gold, with many forecasting prices above $5,000 by 2026. Driven by record central bank buying, rising geopolitical tensions, and persistent inflation, the 2026 gold price prediction reflects powerful structural forces reshaping the market. Is your portfolio positioned for what comes next?

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