Gold News: 13 November 2020

Gold Price: $1,879.28. Forecasts: $1,500, $2,200, to $5,000. News: Gold tumbles after vaccine breakthrough, where to next for gold?

Gold and gold-backed cryptocurrency news for the week ending 13 November 2020.

Gold Price (USD/OZ)

13 November 2020: $1,879.28 [View live gold price.]

Change from last week: -$67.12 (-3.45%)

View the complete archive of gold price forecasts.

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Gold News

Gold tumbles the most since August after vaccine breakthrough - [Bloomberg]

Gold price down $100 on vaccine news, but analysts don't see change in inflation, uncertainty narrative - [Kitco]

Gold Price Analysis: XAU/USD awaits fresh clues to break the monotony below $1,900 - [FXStreet]

The printing press always good for gold in the end - [Kitco]

A contrarian analysis of gold’s big drop - [The Street]

“Even after the declines marking the start of this week, contrarians continue to look for lower prices in gold.”

Where to next for gold? We asked a $US17 billion asset manager - [Stockhead]

$5,000 gold price 'is not that far out' - Rob McEwen - [Kitco]

Gold rallies should be sold, price could drop to $1,500 in 2021 - DeCarley Trading - [Kitco]

Gold to march higher towards $2,200 in the first quarter of 2021 – ANZ - [FXStreet]

Exclusive: Gold market authority threatens to blacklist UAE and other centres - [Reuters]

ASX gold stocks could rebound as experts tip high highs for gold in 2021 - [The Motley Fool]

Outlook for gold - "gold’s story is not yet over" - [ForexLive]

Enslaved people rescued from illegal Brazilian gold mine - [Al Jazeera]

Cricketer Krunal Pandya stopped at Mumbai Airport for carrying extra gold - []

Ancient gold stash found in jug in Jerusalem - [Live Science]

Turkmenistan leader unveils giant gold statue of local dog - [The Guardian]

Gold-backed Cryptocurrency News

News related to gold-backed cryptocurrencies:

As PayPal integration looms, Paxos CEO sees mass adoption for tokenized assets - [Investing]

“In a panel last week for the London Bullion Market Association, Paxos founder and CEO Charles Cascarilla discussed the growth of Paxos’ gold-backed ERC-20 token, PAXG, and the future of asset tokenization more generally — a future that could well involve his company’s recently-announced integration with financial giant PayPal.”

AABB - Asia Metals Inc. signs memorandum of understanding to proceed with gold-backed cryptocurrency coin development agreement - [GlobeNewswire]

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