Gold News: 26 June, 2020

Gold Price: $1763.94. Gold prices reaches 8-year record, gold price set to explode, all-time record predicted by end of 2020. Thailand narco gold, Zimbabwe’s gold-backed digital currency.

Gold and gold-backed cryptocurrency news for the week ending 26 June, 2020.

Gold Price (USD/OZ)

26 June 2020: $1763.94 [View live gold price.]

Change from last week: $32.56 (1.88%)

Gold News Around The Web

Gold prices spike to highest level in nearly 8 years on coronavirus fears - [CNN Business]

Gold price nears $1,800 on ETF frenzy - [Mining]

Gold prices: five reasons gold is set to explode - [Forbes]

Bank of America backs gold for all-time high this year as precious metal surges - [CNBC]

Thai gold exports surge more than 700% in May as people rush to sell gold at higher prices - [Kitco]

The war on gold has begun - [OilPrice]

Venezuela's rival leaders lock horns over gold in London vault - [Al Jazeera]

“President Maduro and his Western-backed opponent Guaido are in a legal battle over who controls a $1bn in gold bars.”

Gold: The new currency? - [India Times]

“It’s not very long before paper receipts with gold in storage were used as currencies. This era was known as a “The Gold standard”.”

Thailand targets narco millions hidden in gold, steel and crypto - [Yahoo! News]

This inconspicuous goldsmith is on a mission to reinvent traditional amulets - [BK Asia City]

‘I paid £1.4k for a gold bar from eBay and it turned out to be fake’ - [The Telegraph]

Hunting for particles of gold in the jungles of Southeast Asia

“Artisanal prospectors in Myanmar ply a grueling trade that experts say may vanish in a generation as the world’s gold strikes shrink.”

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Gold-backed Crypto News

News related to gold-backed cryptocurrencies:

The tokenization revolution starts with gold - [Yahoo! Finance]

Why the digital Zimbabwe Dollar conversation matters

“The partnership’s objective is to help Zimbabwe’s central bank launch a gold-backed digital currency.”


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