Hopes for a ceasefire boosted the gold price at the end of last week. Then the opening of the Strait of Hormuz came to an end again.
Tensions in the Middle East persist. The price of gold is more volatile in 2026 than in the past, which is no surprise. However, similar phases have occurred before. According to the World Gold Council, the sharp price fluctuations were caused by declining expectations of an interest rate cut by the Fed and rising bond yields. Added to this were the nomination of Kevin Warsh as Fed Chair and the Middle East conflict, which fueled inflation concerns in February. And following the rise in the price of gold, long positions were unwound in futures, options, and gold ETFs.
The gold market is seeing record-high trading volumes and brisk market activity in both directions. However, gold remains a valuable strategic asset and an important component of portfolio diversification. Although the gold market has rebounded several times, ongoing geopolitical risk has increased the demand for liquidity. This is one of gold’s key roles: in times of crisis, it can serve as a source of liquidity. This was already evident during the financial crisis. Since then, gold yields have recovered.
It is assumed that the war in Iran and rising defense spending will sooner or later lead to a rise in the price of gold. Consequently, a gold price of $6,000 is considered a possibility. The precious metal’s appeal also increases as government debt and deficits rise. And in the background, there is the long-term shift away from the U.S. dollar. Gold and gold stocks should therefore always be a good investment, even today.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - owns, among other assets, the flagship Cariboo Gold project (Canada, 100 percent). Production at Cariboo (approximately 190,000 ounces of gold annually over ten years) is scheduled to begin in 2027. A 70,000-meter drilling program is well-funded and underway at Cariboo to investigate potential resource growth. 96 percent of the planned drilling has been completed.
Fury Gold Mines, - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - which is well-funded, holds a gold and mineral exploration portfolio totaling over 157,000 hectares in Québec. The company also owns 11.3 million common shares of Dolly Varden Silver Corp. In 2025, the company drilled a total of more than 18,000 meters at its projects. Encouraging drill results were recently reported from the Eau Claire project (for example, 11.74 grams of gold per ton of rock over 6.63 meters).
Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-04/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
Tensions in the Middle East persist. The price of gold is more volatile in 2026 than in the past, which is no surprise. However, similar phases have occurred before. According to the World Gold Council, the sharp price fluctuations were caused by declining expectations of an interest rate cut by the Fed and rising bond yields. Added to this were the nomination of Kevin Warsh as Fed Chair and the Middle East conflict, which fueled inflation concerns in February. And following the rise in the price of gold, long positions were unwound in futures, options, and gold ETFs.
The gold market is seeing record-high trading volumes and brisk market activity in both directions. However, gold remains a valuable strategic asset and an important component of portfolio diversification. Although the gold market has rebounded several times, ongoing geopolitical risk has increased the demand for liquidity. This is one of gold’s key roles: in times of crisis, it can serve as a source of liquidity. This was already evident during the financial crisis. Since then, gold yields have recovered.
It is assumed that the war in Iran and rising defense spending will sooner or later lead to a rise in the price of gold. Consequently, a gold price of $6,000 is considered a possibility. The precious metal’s appeal also increases as government debt and deficits rise. And in the background, there is the long-term shift away from the U.S. dollar. Gold and gold stocks should therefore always be a good investment, even today.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - owns, among other assets, the flagship Cariboo Gold project (Canada, 100 percent). Production at Cariboo (approximately 190,000 ounces of gold annually over ten years) is scheduled to begin in 2027. A 70,000-meter drilling program is well-funded and underway at Cariboo to investigate potential resource growth. 96 percent of the planned drilling has been completed.
Fury Gold Mines, - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - which is well-funded, holds a gold and mineral exploration portfolio totaling over 157,000 hectares in Québec. The company also owns 11.3 million common shares of Dolly Varden Silver Corp. In 2025, the company drilled a total of more than 18,000 meters at its projects. Encouraging drill results were recently reported from the Eau Claire project (for example, 11.74 grams of gold per ton of rock over 6.63 meters).
Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-04/
In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer's stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly draw attention to the risks involved in securities trading. No liability can be accepted for any damage arising from the use of this blog. We would like to point out that shares and, in particular, warrant investments are generally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the accuracy of all content. Despite the utmost care, I expressly reserve the right to errors, particularly with regard to figures and prices. The information contained herein comes from sources that are considered reliable, but does not claim to be accurate or complete. Due to court rulings, the content of linked external sites is also our responsibility (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 - 312 O 85/98), as long as we do not expressly distance ourselves from them. Despite careful content control, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of SRC swiss resource capital AG, which is available at https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.
