Gold News: 8 May, 2020
Gold Price: $1719.42. Gold has potential to break $1,800 an ounce, on track to breach $1,900.
Gold and gold-backed cryptocurrency news for the week ending 8 May, 2020.
Gold Price (USD/OZ)
8 May 2020: $1719.42 [View live gold price.]
Change from last week: $42.52 (2.54%)
Gold News Around The Web
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.
Gold-backed Crypto News
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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