Gold News: 12 February 2021

Gold and gold-backed cryptocurrency news for the week ending 12 February 2021.

Gold Price (USD/OZ)

12 February 2021: $1,818.20 [View live gold price.]

Change from last week: $10.67 (0.59%)

View the complete archive of gold price forecasts.

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Gold News

Gold price target of $2,300 is conservative as precious metal sees healthy consolidation - State Street Global Advisors

Gold is way down. Here’s when to worry.

“Gold has fallen from its lofty August levels. The precious metal appears to be at a crossroads, but the price likely has to slide more from here in order for investors to get really spooked.”

Will Tesla charge gold with energy?

“Tesla has supported the price of Bitcoin, but it can affect gold as well.”

Bitcoin buyers should hedge with gold: Biswas

“Australia’s top gold bosses say the yellow metal “can’t be substituted by the internet” and the forces driving demand for cryptocurrencies are also good for gold.”

3 ASX 200 gold miners paying dividends

Should you buy gold after the recent correction? Analysts say the yellow metal is poised for a rebound

Bullion coin demand 'off the charts,' why isn't gold price? Former U.S. Mint director weighs in

Secretive vaults under London store silver and gold

From rickety souk to global powerhouse: How Dubai became the City of Gold

Earn Interest On Gold

How to earn interest on gold (5% APY) and get up to $250 sign-up bonus

Gold-backed Cryptocurrency News

News related to gold-backed cryptocurrencies.

Performance of gold-backed cryptocurrencies during the COVID-19 crisis

“This study is aimed at investigating the performance of Gold-backed cryptocurrencies during the COVID-19 crisis and in particular, during the bear market of 2020. Analysis is conducted on the daily returns of PAX Gold from 2 October 2019 to 28 September 2020 using the ARMA-GARCH model. The results are compared with those of Paxos Standard (PAX) and Gold during the same period. The results show the mean returns of the three financial instruments increase during crisis periods but the increase is insignificant. PAX Gold experiences increased volatility during the COVID-19 crisis and the bear market but the increase is insignificant.”

Trovio just raised $6.25m for its tech that turns gold into a digital asset

“Digital technology company Trovio has completed a $6.25m capital raising and is poised to roll out its blockchain-based business solution for the precious metals industry to other commodities and traded metals.”

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