Gold News: 3 July, 2020
Gold Price: $1775.76. Gold breaks $1,800 level for first time since 2011, $2000 predicted by year end, and $10,000 in four years, fake gold in China, and a gold-plated hotel in Vietnam.
Gold and gold-backed cryptocurrency news for the week ending 3 July, 2020.
Gold Price (USD/OZ)
3 July 2020: $1775.76 [View live gold price.]
Change from last week: $11.82 (0.67%)
Gold News Around The Web
Gold breaks $1,800 level for first time since 2011 - [Seeking Alpha]
Why gold will hit $2000 by year end - [Ainslie Bullion]
Mystery of $2bn of loans backed by fake gold in China - [Nikkei Asian Review]
Central banks: gold’s greatest ally - [Daily Reckoning]
“…you could still score huge gains as gold trends toward $10,000 per ounce or higher over the next four years.”
A collapsing dollar and China's monetary strategy - [Seeking Alpha]
“This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold.”
Saudi shoppers rush to buy gold before taxes triple - [The Economic Times]
The world’s first gold-plated hotel opens in Vietnam - [Vietnam Insider]
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Gold-backed Crypto News
News related to gold-backed cryptocurrencies:
Chainlink to supply Bullionix with accurate gold price XAU/USD feed - [Cryptoticker]
“The partnership’s objective is to help Zimbabwe’s central bank launch a gold-backed digital currency.”
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