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Gold News: 7 August, 2020
Gold Price: $2060.88. Gold price over $2,000/oz for the first time in history, the rally may just be starting, $7,000 by 2030?
Gold and gold-backed cryptocurrency news for the week ending 7 August, 2020.
Gold Price (USD/OZ)
7 August 2020: $2060.88 [View live gold price.]
Change from last week: $88.02 (4.46%)
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Gold News Around The Web
Gold price $2000: Why, where next? - [BullionVault]
After Covid-19, just how high will prices go in the 2020 gold rush? - [The Guardian]
“The precious metal has passed $2,000 an ounce and analysts believe it will rise a lot further.”
“"It's a matter of what does the real economy look like when you take away all the stimulus that's out there," one economist said.”
Gold is expensive, and the rally may be just starting - [Bloomberg]
“History shows that once the price rises above fair value, it has a tendency to keep going.”
Could gold reach $7,000 by 2030? - [FX Empire]
Gold $15k? - [MacroBusiness]
Hong Kong’s wealthy move gold out of city on security law fears - [Financial Times]
“Legislation heightens concerns of political and legal risk in Asian financial centre.”
Coronavirus recovery: gold price spike shows real fear of inflation - [South China Morning Post]
De-dollarisation back in spotlight as gold rises - [Khmer Times]
Younger investors are buying more Bitcoin, older ones prefer gold, JPMorgan says - [International Business Times]
Gold-backed Crypto News
News related to gold-backed cryptocurrencies:
On solid ground: Stablecoins thriving amid financial uncertainty - [Coin Telegraph]
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