If you deal with gold, it never gets boring
Global demand for gold in the third quarter of 2020 was the lowest since 2009, according to the World Gold Council, despite strong ETF inflows and strong demand for physical gold bars. Compared to the same quarter last year, demand for physical coins and bars has risen by a whopping 49 percent this year.
The very high gold price in early August attracted gold investment, while at the same time the stress in the economy caused by the pandemic made gold a safe haven. Some central banks, especially Uzbekistan and Turkey, sold gold. Although sales of gold jewelry picked up again somewhat in the third quarter, around 29 percent less gold jewelry went over the counter worldwide than in the same quarter of the previous year.
In terms of gold supply, the third quarter was three percent down on the previous year. Covid-19 closures affected gold mine production. However, the American mining regions, for example, recovered particularly quickly and were even able to produce 12 percent more than in the same quarter of the previous year.
So, a lot has happened in the field of gold, the occupation with the precious metal never gets boring. One should also deal with the gold companies, such as Karora Resources or Mawson Gold.
Karora Resources - https://www.youtube.com/watch?v=pdyMgbsAR-E&t=255s - produces at its Higginsville and Beta Hunt gold mines in Western Australia. In the first nine months of 2020, production totaled nearly 74,000 ounces of gold.
Mawson Gold - https://www.youtube.com/watch?v=AcNNEIX7EM4&list=PLBpDlKjdv3yrpaJLM_5UHTiMBSoBkHdSP&index=4&t=1s - also has prospective projects. One is the Rajapalot gold-cobalt project in Finland, which recently produced visible gold in drilling and up to a good 28 grams of gold per tonne of rock. The second are Mawson Gold's gold projects in the Victorian Goldfields, Australia.
Recent corporate news and press releases from Karora Resources (www.resource-capital.ch/en/companies/karora-resources-inc/) and Mawson Gold (www.resource-capital.ch/en/companies/mawson-gold-ltd/).
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