Gold News: 20 November 2020

Gold Price: $1,863.62. Forecasts: $2,300-$2,500. News: Vaccine optimism slams brakes on gold, bull case for gold remains despite coronavirus vaccine, gold is a hedge against bad government decisions.

Gold and gold-backed cryptocurrency news for the week ending 20 November 2020.

Gold Price (USD/OZ)

20 November 2020: $1,863.62 [View live gold price.]

Change from last week: -$15.66 (-0.83%)

View the complete archive of gold price forecasts.

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Gold News

Totally bogus! Or $14,000 gold - [BullionVault]

Surge in vaccine optimism slams brakes on gold - [Financial Times]

Degussa sees gold price rising to $2,500 by mid-2021 as central banks continue to print money - [Kitco]

Goldman sets $2,300 price target for gold in 2021 - [Mining]

Vaccine news, ETF reductions drive gold correction risk - [Saxo Markets]

Gold price forecast – surging hospitalization rates will trigger more lockdowns - [FX Empire]

“The recent uptick in coronavirus cases is alarming. Hospitalizations are surging in the Midwest, and regional lockdowns are becoming likely. Gold is trading lower on vaccine developments, and prices may not bottom until December.”

Gold is a hedge against bad government decisions - [BloombergQuint]

Bull case for gold remains despite coronavirus vaccine - [Stockhead]

The gold rally is just getting started — here’s when to look for the 20% surge coming - [Financial News]

Do you know where your watch’s gold came from? - [NY Times]

“Some Swiss watch companies are beginning to disclose their supply chains.”

Shocking smuggling case: 51kg of gold carried across border to Vietnam - [Vietnamnet]

‘I need money for school’: the children forced to pan for gold in Zimbabwe - [The Guardian]

Gold from Mars? These microbes may help future Martians and Moon people mine metals - [Deccan Herald]

Gold-backed Cryptocurrency News

News related to gold-backed cryptocurrencies:

SEC seeks judgement after 'no show’ in $9M Meta 1 Coin fraud case

“The U.S. Securities and Exchange Commission has requested a default judgment against three companies and four individuals associated with the allegedly fraudulent art and gold-backed cryptocurrency Meta 1 Coin.”

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