Gold News: 14 August, 2020
Gold and gold-backed cryptocurrency news for the week ending 14 August, 2020.
Gold Price (USD/OZ)
14 August 2020: $1947.01 [View live gold price.]
Change from last week: -$113.87 (-5.53%)
Buy Gold In Switzerland
Global Gold is precious metals company from Switzerland that offer a safe and convenient way of buying and selling gold, silver, platinum and palladium. All metals can be safely delivered or securely stored in high-security vaults of your choice in Switzerland, Singapore, Hong Kong, and New Zealand. [Goldscape.net Partner]
Gold News Around The Web
Record gold and silver trading at world No.1 on massive price swings - [BullionVault]
“Nearly $50m traded in 24 hours at BullionVault...”
“The price of gold just suffered its steepest 1-day drop since the precious metal's historic price crash of April 2013”.
Gold price: biggest one day plunge since 2013, how low can it go? Is there an opportunity here? - [Forbes]
After a huge sell-off, here's 5 reasons gold might be down but not out - [Markets Insider]
The reason gold price saw biggest daily drop in 7 years - [Kitco]
Gold seen at $2,300 on a six-to-twelve month view – ANZ - [FX Street]
Gold could head as high as $3,400, VanEck CEO says as metal pulls back from records - [CNBC]
Gold could surge more than 90% and hit $4,000 if these two factors remain under control - [Markets Insider]
Gold's fall won't drive it below $1,700 again - [BloombergQuint]
Why gold is not a one-way bet - [Australian Financial Review]
“The risk-adjusted returns achieved by gold this year are not sustainable. Prudence is required from here.”
Gold prices could double from here - [Livewire]
Why is everyone buying gold? - [Business Standard]
Gold-backed yuan may challenge flagging dollar - [Asia Times]
“While US undermines its fast-depreciating currency China is well-poised to seize a golden opportunity.”
In India, gold-based finance is booming - [The Economist]
105-year chart: Gold price vs stocks shows bullion still cheap - [Mining]
Wiluna hedges over $110 million worth of gold at near record prices - [The West Australian]
US dollar denominated gold trade to be allowed - [The Thaiger]
“Ending decades of regulations limiting gold trade in Thailand to the baht, the US dollar will now be allowed as well. 2 weeks ago, in a bid to slow the rapidly rising baht and avoid landing on the US list of “currency manipulators”, the Bank of Thailand announced a policy to allow trading gold products in US dollars.”
Thailand tourism latest! Tourists invited to go panning for gold!
Gold-backed Crypto News
News related to gold-backed cryptocurrencies:
How to speculate on the price of gold using cryptocurrencies - [CryptoDaily]
Why gold-backed tokens are the perfect hedge - [Coinspeaker]
PAX Gold: Crypto backed by gold but outperforms gold - [Nairametrics]
Bullionix is set to drive new minting user experience with Chainlink - [Cryptomoonpress]
Gold News by Goldscape.net is a weekly newsletter for gold and gold-backed cryptocurrency news.
Visit Goldscape.net to buy gold online.
For advertising and news submission requests, contact us.
If someone sent this to you, sign up for free updates at goldnews.substack.com.