Gold News: 31 July, 2020

Gold Price: $1972.86. Gold surges to an all-time high, $2000 gold may be closer, and the message behind gold’s rally.

Gold and gold-backed cryptocurrency news for the week ending 31 July, 2020.

Gold Price (USD/OZ)

31 July 2020: $1972.86 [View live gold price.]

Change from last week: $79.92 (4.22%)

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Gold News Around The Web

Record-high gold, silver jumping - [BullionVault]

“The price of gold has risen above its all-time record closing price of $1891.90 per ounce, set in August 2011. Once the precious metal breeches the important $1900 resistance level, I believe the sky's the limit.”

The price of gold surges to an all-time high - [The Economist]

“On July 29th the price of gold surged to an all-time high, as the dollar fell to its lowest level against the euro in nearly two years.”

The message behind gold’s rally: the world economy is in trouble - [Bloomberg]

What record gold prices reveal about the global economy - [The New Daily]

Record low interest rates and coronavirus uncertainty fuel gold price rally - [ABC]

$2000 Gold may be closer than you think - [Kitco]

Gold: Set to test $2300 over next 12 months – Citibank - [FX Street]

Gold could explode up to 80% to $3,500 in the next 2 years, a veteran investor says - [Markets Insider]

434 tons of gold were purchased in the second quarter, and two more numbers to know - [Barron’s]

Gold surge adds $3 billion to three family fortunes - [The Economic Times]

This economist sold half his gold position despite record surge: Here’s why - [CNBC]

Where is all that gold being stored? - [The New York Times]

“A multitude of options, from burying in the backyard to posh steel-lined vaults.”

'How much is a life worth?': Northern Irish community split over gold-mining plans - [The Guardian]

The strange tale of Nelson Mandela’s gold-cast hands - [BloombergQuint]

Gold-backed Crypto News

News related to gold-backed cryptocurrencies:

Gold trading volumes surge on cryptocurrency markets - [Decrypt]

“The price of gold has broken a new high and trading volumes of gold-backed tokens are shooting up.”

Gold-backed stablecoins rally as global uncertainty boosts price of gold - [Finance Magnates]

“Gold-backed stablecoins are rallying in accordance with the price of gold; some have seen an increase in demand.”

Perth Mint and Security Matters launch trueGold blockchain consortium - [ZD Net]

Crypto gold — it’s a thing! New stablecoin checks all the 2020 fear boxes - [Forbes]

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