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Gold News: 5 February 2021
Gold Price: $1,807.53. News: gold price sinks below $1,800, physical demand will be a positive for gold prices in 2021, how gold gets to $10k
Gold and gold-backed cryptocurrency news for the week ending 5 February 2021.
Gold Price (USD/OZ)
5 February 2021: $1,807.53 [View live gold price.]
Change from last week: -$39.28 (-2.13%)
View the complete archive of gold price forecasts.
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“Spot gold dropped below the $1,800/oz mark for the first time since late November, down 2.5% to $1,787.95/oz by 11:30 a.m. EST.”
“I look at gold, not in the dollar price of gold…gold is the most stable, monetary medium there ever has been, and that’s why it’s been money for four thousand years,” he said. “I don’t think gold goes to $10,000 in a vacuum, it means the dollar is going down significantly.”
Read more about $10,000 gold.
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