Gold News: 16 October, 2020
Gold Price: $1,907.10. Forecasts: $2,300 early next year. Latest Posts: Five-figure gold – Can gold go beyond $10,000 per ounce? News: Looking past election mayhem.
Gold and gold-backed cryptocurrency news for the week ending 16 October, 2020.
Gold Price (USD/OZ)
16 October 2020: $1,907.10 [View live gold price.]
Change from last week: -$2.35 (-0.12%)
View the complete archive of gold price forecasts.
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Five-figure gold – Can gold go beyond $10,000 per ounce?
Gold reached $1,000 USD per ounce in March 2008. It then took over 12 years for gold to reach the $2,000 mark for the first time in 2020. Can gold grow exponentially to reach $10,000 like Bitcoin did?
$2000 gold to boost ASM mining 13% in 2021 - [BullionVault]
Gold to come back to the $2000 on a huge US fiscal stimulus deal – OCBC - [FX Street]
Some are betting on red, some on blue. I’m betting on gold - [Forbes]
Looking past election mayhem: Gold price to move to new record highs once new administration is established – TD Securities - [Kitco]
Has gold gotten too expensive? - [Investing]
The good news keeps coming for gold bulls - [OilPrice]
Is gold market going back into the 1970s? - [FX Empire]
Gold to reach $2,300 early next year – ANZ - [FX Street]
Gold-backed global financial system may be only viable way beyond this crisis - [Seeking Alpha]
Andrew Maguire: “Gold Is The Anti Dollar” - [GoldSeek]
A complete paradigm shift will make gold the generational trade - [The Market Oracle]
Police in India arrest Dubai passenger who hid 1kg of gold in his body - [The National]
Pandemic spurs illegal gold rush in Zimbabwe mountains - [Thomson Reuters Foundation]
A pandemic-created ‘gold rush’ in the Amazon is destroying Indigenous lands - [Popular Science]
Modern-day gold rush in WA as mining executives flock to Kalgoorlie for Diggers and Dealers - [ABC]
Gold-backed Cryptocurrency News
News related to gold-backed cryptocurrencies:
AABB - Asia Metals Inc. development agreement for gold-backed cryptocurrency coin in final stages of negotiations - [Globe Newswire]
“Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the final stages of negotiating the terms of a development agreement with a digital assets and crypto wallet creator to produce a gold-backed cryptocurrency coin.”
4 gold-backed digital currencies worth exploring for modern investors - [Vaultoro]
Is Bitcoin more correlated to stocks or gold? - [coindesk]
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