If you deal with gold, it never gets boring

According to a recent report by the World Gold Council, global gold demand is generally low in the third quarter.

The World Gold Council found that global gold demand was as low as it has been since 2009 in the third quarter of 2020. This was despite the fact that there were strong ETF inflows and high demand for physical gold bars. Compared to the same quarter of the previous year, the demand for physical coins and bars has increased by a whopping 49 percent this year.

The very high gold price at the beginning of August led to gold investments, while at the same time the stress in the economy caused by the pandemic made gold shine as a safe haven. Some central banks, particularly Uzbekistan and Turkey, sold gold. The sale of gold jewelry increased somewhat in the third quarter, but around 29 percent less gold jewelry was sold over the counter than in the same quarter of the previous year.

In terms of gold supply, the third quarter was three percent behind the previous year. Covid-19 lockdowns 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 gold sector, and dealing with the precious metal is never boring. You should also look into the gold companies, such as Karora Resources or Mawson Gold.

Karora Resources – – Produced 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.

Also Mawson Gold – – has promising projects. Firstly, the Rajapalot gold-cobalt project in Finland, which recently returned gold visible from drilling and up to a good 28 grams of gold per tonne of rock. On the other hand, there are Mawson Gold gold projects in the Australian Victorian Goldfields.

Current company information and press releases from Karora Resources (- -) and Mawson Gold (- -).

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