Gold News: 23 October, 2020
Gold Price: $1,911.11. Forecasts: $2,300 by year-end. News: 2020 physical gold buying sinks 25% to 11-year low, gold price could surge another 50% under the next president.
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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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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