Gold News: 31 July, 2020
Gold Price: $1972.86. Gold surges to an all-time high, $2000 gold may be closer, and the message behind gold’s rally.
Gold and gold-backed cryptocurrency news for the week ending 31 July, 2020.
Gold Price (USD/OZ)
31 July 2020: $1972.86 [View live gold price.]
Change from last week: $79.92 (4.22%)
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Gold News Around The Web
Record-high gold, silver jumping - [BullionVault]
“The price of gold has risen above its all-time record closing price of $1891.90 per ounce, set in August 2011. Once the precious metal breeches the important $1900 resistance level, I believe the sky's the limit.”
The price of gold surges to an all-time high - [The Economist]
“On July 29th the price of gold surged to an all-time high, as the dollar fell to its lowest level against the euro in nearly two years.”
The message behind gold’s rally: the world economy is in trouble - [Bloomberg]
What record gold prices reveal about the global economy - [The New Daily]
Record low interest rates and coronavirus uncertainty fuel gold price rally - [ABC]
$2000 Gold may be closer than you think - [Kitco]
Gold: Set to test $2300 over next 12 months – Citibank - [FX Street]
Gold could explode up to 80% to $3,500 in the next 2 years, a veteran investor says - [Markets Insider]
434 tons of gold were purchased in the second quarter, and two more numbers to know - [Barron’s]
Gold surge adds $3 billion to three family fortunes - [The Economic Times]
This economist sold half his gold position despite record surge: Here’s why - [CNBC]
Where is all that gold being stored? - [The New York Times]
“A multitude of options, from burying in the backyard to posh steel-lined vaults.”
'How much is a life worth?': Northern Irish community split over gold-mining plans - [The Guardian]
The strange tale of Nelson Mandela’s gold-cast hands - [BloombergQuint]
Gold-backed Crypto News
News related to gold-backed cryptocurrencies:
Gold trading volumes surge on cryptocurrency markets - [Decrypt]
“The price of gold has broken a new high and trading volumes of gold-backed tokens are shooting up.”
Gold-backed stablecoins rally as global uncertainty boosts price of gold - [Finance Magnates]
“Gold-backed stablecoins are rallying in accordance with the price of gold; some have seen an increase in demand.”
Perth Mint and Security Matters launch trueGold blockchain consortium - [ZD Net]
Crypto gold — it’s a thing! New stablecoin checks all the 2020 fear boxes - [Forbes]
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