Gold News: 14 August, 2020

Gold Price: $1947.01. Gold price saw biggest daily drop in 7 years.

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%)

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Gold News Around The Web

“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”. 

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.”

Why is everyone buying gold? - [Business Standard]

“While US undermines its fast-depreciating currency China is well-poised to seize a golden opportunity.”

“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.”

Gold-backed Crypto News

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