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Gold News: 5 June, 2020
Gold Price: $1709.00. Gold to set a record high in the next months, record first-time buyers, China may have over 10,000 tons of gold.
Gold and gold-backed cryptocurrency news for the week ending 5 June, 2020.
Gold Price (USD/OZ)
5 June 2020: $1709.00 [View live gold price.]
Change from last week: -$20.57 (-1.19%)
Gold News Around The Web
“Record demand, record numbers of first-time gold and silver investors...”
Gold to set a record high in the next months – ANZ - [FX Street]
“Strategists at ANZ Bank expect gold to hit a record high in the second half of 2020 due to a challenging economic environment though, an increase in risk appetite has been a strengthening headwind for the yellow metal.”
China reduces paperwork for gold exporters - [Voice of America]
Commentary: Why some countries rushed to buy gold before coronavirus crash - [Channel News Asia]
“Countries have been buying gold and repatriating it from overseas storage to an extent never seen in modern times, says an observer.”
The secret behind gold's stunning surge - [Yahoo! Finance]
Australia's gold production down - [Mining Journal]
“Australia's gold production fell by 12% in the March quarter, according to industry data compiled by Surbiton Associates.”
Just how much gold is left in the centuries-old Yilgarn? - [Stockhead]
“The Yilgarn Craton, a large mineral-rich region around 400km east of Perth in WA, has spawned numerous major mines over the past few centuries and is sometimes described as “Australia’s premier gold and nickel province”. Evidence suggests there’s many more discoveries to come.”
“The photograph appears to be real, but the caption tells a different story.”
“Jewellery sector has been worst hit by COVID-19 induced drop in shoppers.”
“Helping people in the time of need, White Gold aims to be the largest organised gold buying and gold recycling company in the country. The company has a network of over 50 branches in Karnataka and Kerala.”
Global Gold is precious metals company from Switzerland that offer a safe and convenient way of buying and selling gold, silver, platinum and palladium. All metals can be safely delivered or securely stored in high-security vaults of your choice in Switzerland, Singapore, Hong Kong, and New Zealand.
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