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 bars mark strongest half-year since 2016 as 'worst still to come' in Covid crisis - [BullionVault]

Gold breaks $1,800 level for first time since 2011 - [Seeking Alpha]

U.S. trade tumbles 30% — and, more troubling, gold is new top import - [Forbes]

Gold to $1,900? MKM Partners says one major tailwind could give a big boost - [CNBC]

Analysts reckon gold will punch through $US2000 by year-end - [Stockhead]

Why gold will hit $2000 by year end - [Ainslie Bullion]

Gold prices are soaring to the moon. Here’s why. - [Forbes]

Venezuela gold: UK High Court rules against Nicolás Maduro - [BBC]

Mystery of $2bn of loans backed by fake gold in China - [Nikkei Asian Review]

If history repeats itself, gold prices headed to $4,000 in three years - Frank Holmes - [Kitco]

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]

Gold is the big story in town as investors rush into penny stocks - [Small Caps]

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:

A post pandemic environment will be ripe for the adoption of decentralized stablecoins - [Hackernoon]

Chainlink to supply Bullionix with accurate gold price XAU/USD feed - [Cryptoticker]

Why the digital Zimbabwe dollar conversation matters - [iHarare]

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


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