Gold News: 24 July, 2020

Gold Price: $1892.94. Gold prices reach highest level since 2011 and near record, traders set their eyes on $2,000.

Gold and gold-backed cryptocurrency news for the week ending 24 July, 2020.

Gold Price (USD/OZ)

24 July 2020: $1892.94 [View live gold price.]

Change from last week: $92.89 (5.16%)

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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]

Gold News Around The Web

Get your gold before the reset - [BullionVault]

Gold prices reach highest level since 2011 and near record as investors flood safe havens - [Markets Insider]

Gold shatters ‘summer doldrums’ as it climbs to record territory - [Market Watch]

Citi says it’s ‘only a matter of time’ before gold hits record - [Bloomberg]

Gold to challenge the $1921.50 2011 high – Commerzbank - [FX Street]

Gold traders set their eyes on $2,000, more stimulus packages, U.S debts, and inflation boost gold - [Yahoo! Finance]

Gold has surged due to the pandemic — and it could keep going. Here’s what to know about investing now - [CNBC]

Turkey scrambles for gold, overtaking Russia as top buyer - [Asia Nikkei]

“Ankara's frictions with Washington fuel mad dash for the dollar alternative.”

Super rich Russian battles Chinese rival in the hunt for African gold - [Forbes]

“If anyone doubts the universal lure of gold as its price nears an all-time high then consider a China vs. Russia takeover battle for an African gold deposit controlled by an Australian mining company.”

Illegal miners chase dreams of gold in central Vietnam - [VN Express]

The impact of COVID-19 shutdowns on the gold supply chain - [Visual Capitalist]

Gold-backed Crypto News

News related to gold-backed cryptocurrencies:

As spot gold surges higher, Tether’s gold token lags behind - [Crypto News]

Digix partners with Axie Infinity to bring real gold in-game - [European Gaming]

“First of its kind partnership will enable players to receive in-game gold through Axie-DGX tokens that will be redeemable for physical, investment grade gold.”

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