Gold News: 23 October, 2020

Gold and gold-backed cryptocurrency news for the week ending 23 October, 2020.

Gold Price (USD/OZ)

23 October 2020: $1,911.11 [View live gold price.]

Change from last week: $4.01 (0.21%)

View the complete archive of gold price forecasts.

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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

2020 physical gold buying sinks 25% to 11-year low - [BullionVault]

How gold gets to $3,000 - [Seeking Alpha]

Gold stocks to climb 60%; gold price to hit $2,300 by year-end - [Kitco News]

Gold price could surge another 50% under the next president - Bloomberg Intelligence - [Markets Insider]

Embrace the dip because higher gold prices are coming - Andrew Hecht - [Kitco]

Perth Mint holding $100m of gold for tax haven clients - [AFR]

It’s time for inflation hedges: consider gold, mining stocks and farmland - [Forbes]

New gold standard: orderly or chaotic? - [Daily Reckoning]

What makes India a hotspot for smuggled African gold - [Vice]

Malabar Gold and Diamonds launches 'One India One Gold Rate' initiative - [Livemint]

“'One India One Gold Rate' is an initiative offering uniform gold rate across all states in the country for 100 per cent BIS hallmarked gold.”

Gold Digger: When it comes to gold deposits, how big is big? - [Stockhead]

Madagascar shuts down ‘illegal’ gold mine but activists remain in legal limbo - [Mongabay]

The Chinchillas and the gold mine

“In Chile, 25 rare chinchillas sit atop 3.5 million ounces of extractable gold. Can a mining company safely move them?”

Brisbane tradie finds rare gold coin with metal detector - [News]

Gold-backed Cryptocurrency News

News related to gold-backed cryptocurrencies:

META 1 announces upcoming asset-backed cryptocurrency public launch - [PRWeb]

Cloudbet unveils betting with gold in gaming world first - [PRWeb]

Nexo expands tokenized gold offering - [The Tokenizer]

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