Gold News: 8 May, 2020

Gold and gold-backed cryptocurrency news for the week ending 8 May, 2020.

8 May 2020: $1719.42 [View live gold price.]

Change from last week: $42.52 (2.54%)

Gold Investing soaks up virus crisis’ surplus bullion – [BullionVault]

Here’s what gold does when the U.S. government goes on a borrowing binge – [Market Watch]

Gold price prediction – Gold surges and poised to break out as US yield decline – [FX Empire]

Gold bars fight covid kits for space on the plane – [Bloomberg]

Gold has ‘growing potential’ to break $1,800 an ounce, says UBS – [CNBC]

Central-bank gold selling ‘limited’ but holdings could be used as collateral: Standard Chartered – [Kitco]

Gold: On track to breach $1900 mark – Bloomberg Intelligence – [FX Street]

More bulls weigh in on the gold run; here’s where they reckon it will go in the short-term – [Stockhead]

How much gold are the Swiss hoarding? – [finews]

Global Gold is precious metals company from Switzerland that offer a safe and convenient way of buying and selling gold, silver, platinum and palladium. All metals can be safely delivered or securely stored in high-security vaults of your choice in Switzerland, Singapore, Hong Kong, and New Zealand.

News related to gold-backed cryptocurrencies:

Interest in gold-backed token trading grows amid supply disruptions – [Coindesk]

Africa: COVID-19, gold demand and the gold-backed stablecoin opportunity – [Coin Telegraph]

New Zealand Financial Markets Authority adds Karatbar International GmbH, Karabit Foundation, & associated companies to warning list – [Crowdfund Insider]

CACHE partners with Onchain Custodian to insure and secure gold-backed tokens – [hedgeweek]

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