Gold News: 28 August, 2020

Gold Price: $1946.34. Forecasts: $3,000, $5,500. News: How long can the gold rally last? Upward gold price trajectory to accelerate, $5,000 gold could soon become a reality.

Gold and gold-backed cryptocurrency news for the week ending 28 August, 2020.

Gold Price (USD/OZ)

28 August 2020: $1946.34 [View live gold price.]

Change from last week: $7.20 (0.37%)

View the complete archive of gold price forecasts.

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Gold News

Hate gold, love gold miners - [BullionVault]

“Well, Buffett likes Barrick at least...”

Which central banks are buying gold this year? - [Kitco]

Gold to see a lengthy pause before resuming the core bull trend – Credit Suisse - [FX Street]

Gold price might be dropping from the megaphone top - [FX Empire]

Gold is bigger bubble than tech, says $63 billion asset manager - [Bloomberg]

“Carillon Tower Advisers Inc. portfolio specialist Matt Orton is a rare critic when it comes to gold’s meteoric rise this year. He says excitement around the metal has made it a bigger bubble than tech stocks.”

How long can the gold rally last? - [Forbes]

Why $5000 gold could soon become a reality - [Yahoo! Finance]

Gold at $3,000? 'Upward gold price trajectory to accelerate' - Bloomberg Intelligence - [Kitco]

“There is a good chance for gold to even reach $3,000 an ounce during this bull run, according to Bloomberg Intelligence charts.”

Chris Wood sees another 180% run-up in gold price to $5500 per ounce
“Chris Wood, global head of equity strategy at Jefferies, has turned even more bullish on the precious yellow metal gold and sees it to scale to $5500 per oz, which is almost 180% higher than its current trending price level. Earlier, he expected the metal to hit a price of $4200 per ounce.”

Top 10 countries with largest gold reserves - [Mining]

Ghana’s main opposition will stop gold fund if it wins vote - [Bloomberg]

An animated look at the gold supply chain - [Goldhub]

Trove of 1,000-year-old gold coins unearthed in Israel - [Reuters]

Gold-backed Cryptocurrency News

News related to gold-backed cryptocurrencies:

Binance exchange to list Paxos’ gold-backed cryptocurrency - [coindesk]

As gold prices soar, two gold-backed tokens see increased demand fetching premiums - [Bitcoin]

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