- Gold Weekly
- Posts
- Gold News: 17 July, 2020
Gold News: 17 July, 2020
Gold Price: $1800.05. Gold at $2000 more likely, hedge fund sees gold at $3000, Russia boosts gold reserves, Indians spending more on gold than on weddings.
Gold and gold-backed cryptocurrency news for the week ending 17 July, 2020.
Gold Price (USD/OZ)
17 July 2020: $1,800.05 [View live gold price.]
Change from last week: -$1.49 (-0.08%)
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
India gold price boosted as lockdown hits smuggling - [BullionVault]
“With gold hitting nine-year highs this month—and staying above $1,800—readers are asking for guidance on what to do if gold not only reaches new nominal highs, but blows by $2,000 and keeps going. What if it really does go to $5,000 an ounce, $10,000… or higher?”
Doomsday hedge fund sees gold topping $3,000 an ounce - [Bloomberg]
Gold at $2,000 is now even more likely, Goldman says. Here’s how to trade the commodities recovery. - [Barrons]
Precious metal: the gold-standard investment when a crisis hits? - [The Guardian]
“Fuelled by low interest rates and the prospect of a recession, gold has hit record highs. So is it worth buying now?”
Inflation is up – and so is gold - [FX Empire]
The gold rally is approaching a speed bump - [Seeking Alpha]
Invesco launches GBP-hedged version of $11.8bn physical gold ETC - [ETF Strategy]
Russia sells more gold than gas for the first time in 30 years - [Economic Times]
Nigeria to boost gold mining sector - [Anadolu Agency]
“250,000 people to be employed as Nigeria set to make $500M in annual revenue through gold mining.”
Indians are buying more gold from the money they would otherwise have spent on big fat weddings - [Business Insider]
Gold smuggler arrested on Sino-North Korean border - [Daily NK]
“Two mines run by trading companies under the Central Committee and MSS in South Pyongan Province are at the top of the list of suspected sources of the gold.”
Gold-backed Crypto News
News related to gold-backed cryptocurrencies:
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.
Reply