Gold News: 16 October, 2020

Gold Price: $1,907.10. Forecasts: $2,300 early next year. Latest Posts: Five-figure gold – Can gold go beyond $10,000 per ounce? News: Looking past election mayhem.

Gold and gold-backed cryptocurrency news for the week ending 16 October, 2020.

Gold Price (USD/OZ)

16 October 2020: $1,907.10 [View live gold price.]

Change from last week: -$2.35 (-0.12%)

View the complete archive of gold price forecasts.

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Global Gold

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. [ Partner]

Latest Posts

Five-figure gold – Can gold go beyond $10,000 per ounce?

Gold reached $1,000 USD per ounce in March 2008. It then took over 12 years for gold to reach the $2,000 mark for the first time in 2020. Can gold grow exponentially to reach $10,000 like Bitcoin did?

Gold News

$2000 gold to boost ASM mining 13% in 2021 - [BullionVault]

Gold to come back to the $2000 on a huge US fiscal stimulus deal – OCBC - [FX Street]

Some are betting on red, some on blue. I’m betting on gold - [Forbes]

Looking past election mayhem: Gold price to move to new record highs once new administration is established – TD Securities - [Kitco]

Has gold gotten too expensive? - [Investing]

The good news keeps coming for gold bulls - [OilPrice]

Is gold market going back into the 1970s? - [FX Empire]

Gold to reach $2,300 early next year – ANZ - [FX Street]

Gold-backed global financial system may be only viable way beyond this crisis - [Seeking Alpha]

Andrew Maguire: “Gold Is The Anti Dollar” - [GoldSeek]

A complete paradigm shift will make gold the generational trade - [The Market Oracle]

Police in India arrest Dubai passenger who hid 1kg of gold in his body - [The National]

Pandemic spurs illegal gold rush in Zimbabwe mountains - [Thomson Reuters Foundation]

A pandemic-created ‘gold rush’ in the Amazon is destroying Indigenous lands - [Popular Science]

Modern-day gold rush in WA as mining executives flock to Kalgoorlie for Diggers and Dealers - [ABC]

Gold-backed Cryptocurrency News

News related to gold-backed cryptocurrencies:

AABB - Asia Metals Inc. development agreement for gold-backed cryptocurrency coin in final stages of negotiations - [Globe Newswire]

“Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company is in the final stages of negotiating the terms of a development agreement with a digital assets and crypto wallet creator to produce a gold-backed cryptocurrency coin.”

4 gold-backed digital currencies worth exploring for modern investors - [Vaultoro]

Is Bitcoin more correlated to stocks or gold? - [coindesk]

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