Central banks are increasing their gold reserves, India is reporting strong demand and Switzerland is exporting more gold.
Gold has risen above 2,000 US dollars per ounce. No wonder, as various stimuli are driving the price of the precious metal. Now the gold price needs to stay above 2,000 US dollars if possible. Even if the higher interest rates in the USA remain for a while yet, gold seems to be preparing for a triumphal march and new record prices are possible. This is because the risks to the economy are growing, both here in Germany (debt brake) and across the pond. In any case, uncertainties are dominating events, in addition to the efforts of various countries to de-dollarize. Some analysts are also of the opinion that the Fed's interventions on the bond market - as yields are expected to remain stable - could trigger a rally in the price of gold.
Experts at Société Générale, for example, believe that the price of the precious metal will be around USD 2,200 per ounce in the coming year. The interest rate hike in the USA could now be a thing of the past, inflationary pressure is already easing, and the economy is cooling down. This emerging weakness should boost the gold price. If a recession then comes closer and the Fed cuts interest rates, the gold price should only go up.
The demand for gold from central banks alone accounts for almost eight percent this year, a strong share that should lend strength to the gold price in the longer term. Not only physical gold should be part of the investment horizon, the stocks of good gold companies also make a portfolio more attractive and secure.
There is OceanaGold - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ -, for example, a company that produces gold and copper in the USA and the Philippines.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - sold almost 3,900 ounces of gold in the third quarter. The projects are located in Mexico, Canada and the USA.
Corporate information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Gold has risen above 2,000 US dollars per ounce. No wonder, as various stimuli are driving the price of the precious metal. Now the gold price needs to stay above 2,000 US dollars if possible. Even if the higher interest rates in the USA remain for a while yet, gold seems to be preparing for a triumphal march and new record prices are possible. This is because the risks to the economy are growing, both here in Germany (debt brake) and across the pond. In any case, uncertainties are dominating events, in addition to the efforts of various countries to de-dollarize. Some analysts are also of the opinion that the Fed's interventions on the bond market - as yields are expected to remain stable - could trigger a rally in the price of gold.
Experts at Société Générale, for example, believe that the price of the precious metal will be around USD 2,200 per ounce in the coming year. The interest rate hike in the USA could now be a thing of the past, inflationary pressure is already easing, and the economy is cooling down. This emerging weakness should boost the gold price. If a recession then comes closer and the Fed cuts interest rates, the gold price should only go up.
The demand for gold from central banks alone accounts for almost eight percent this year, a strong share that should lend strength to the gold price in the longer term. Not only physical gold should be part of the investment horizon, the stocks of good gold companies also make a portfolio more attractive and secure.
There is OceanaGold - https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ -, for example, a company that produces gold and copper in the USA and the Philippines.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - sold almost 3,900 ounces of gold in the third quarter. The projects are located in Mexico, Canada and the USA.
Corporate information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
