Gold News: 29 May, 2020

Gold Price: $1729.57. Gold may reach a record by year end, $US2,000/oz gold price is likely, and a gold-coated hotel.

Gold and gold-backed cryptocurrency news for the week ending 29 May, 2020.

Gold Price (USD/OZ)

29 May 2020: $1729.57 [View live gold price.]

Change from last week: -$7.10 (-0.41%)

Gold News Around The Web

Yes, this is a gold bull market - [BullionVault]

In Gold We Trust report - [In Gold We Trust]

“The In Gold We Trust report 2020 has been published!”

Gold may reach a record by year end as investor need creates ‘more demand than the market can handle’ - [Market Watch]

Here’s the real reason gold has been rising - [Bloomberg]

New York gold glut: Traders drown in a problem they helped create - [Al Jazeera]

Citibank thinks gradual increase to $US2,000/oz gold price is likely - [Stockhead]

U.S. Bank: 'central-bank money printing should keep gold prices supported' - [Kitco]

You can't just print more gold - [Advisor Perspectives]

Countries went on a gold-buying spree before coronavirus took hold – here’s why - [The Conversation]

Will the Fed trigger inflation this time, boosting gold? - [FX Empire]

JPMorgan: Surging gold prices reflect lack of confidence in central bank currencies - [Crypto Globe]

Ghana's industrial gold output rose 6% in 2019 - [Reuters]

A lost struggle to mine Afghan gold - [Financial Times]

“Venture set up by investment banker Ian Hannam runs out of funds.”

World's deepest gold mine shut down due to COVID-19 - [Anadolu Agency]

Vietnam’s capital city builds the world’s first gold-coated hotel - [Vietnam Insider]

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Gold-backed Crypto News

News related to gold-backed cryptocurrencies:

Exclusive listing of AWG on CBX - [CBX]

“CBX will partner with Aurus, for the launch of its Gold-backed Token AWG.”

Metex Exchange lists Gold Standard and Silver Standard - [Metex]

Bitcoin Suisse users can now trade gold and silver against Bitcoin and Ether - [Coin Telegraph]

A first: cryptoassets and gold in EU benchmark compliant index - [Securities]


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