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

“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.”

“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.”

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.”

Gold-backed Crypto News

News related to gold-backed cryptocurrencies:

“The price of gold has broken a new high and trading volumes of gold-backed tokens are shooting up.”

“Gold-backed stablecoins are rallying in accordance with the price of gold; some have seen an increase in demand.”

Gold News by Goldscape.net is a weekly newsletter for gold and gold-backed cryptocurrency news.

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