2023 was a very pleasing year for the gold price. There is much to suggest that 2024 will be another successful year.
The renowned World Gold Council has once again taken a close look at the precious metal and played out three economic scenarios. In any case, the high geopolitical tensions, the strong gold purchases by central banks and the fact that 2024 is an election year for many major economies argue for a very well-supported gold price. The World Gold Council considers inflation and the central banks' actions against it to be of great importance for the future gold price. The central banks have taken vigorous action against inflation. Inflation is now likely to fall further in the majority of industrialized countries and an end to interest rate hikes is imminent.
Global economic growth is weakening, and recessions are possible. Positive factors for the gold price include a slight recession, slightly falling profits and a weakening of the US dollar. Geopolitical crises also have an effect, as gold is seen as a hedge. China's economic growth is generally expected to improve, which in turn will fuel demand for gold. What could hinder a higher gold price is a possible, but not very likely, strong tightening of monetary policy by the central banks. The pressure on commodities caused by weaker economic activity could also affect gold and thus have a negative impact on the price.
However, gold is not so easy to grasp in economic terms. This is because it is a hedge that can be interpreted differently by investors. However, according to the World Gold Council, a global recession is still to be expected, which should drive investors increasingly towards gold investments. All in all, investments in physical gold and gold shares are simply part of a balanced portfolio.
A royalty company like Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ - would also be of interest. With more than 240 assets, the company focuses on precious metals, primarily in Quebec, Nevada and Ontario.
The financing company Queen's Road Capital Investment - https://www.commodity-tv.com/ondemand/companies/profil/queens-road-capital-investment-ltd/ - has also recognized the quality of Gold Royalty and has invested 30 million US dollars in a convertible bond issued by Gold Royalty. Queen's Road Capital Investment is also an investment opportunity for investors.
Current company information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and Queen's Road Capital Investment (- https://www.resource-capital.ch/en/companies/queens-road-capital-investment-ltd/ -).
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/
The renowned World Gold Council has once again taken a close look at the precious metal and played out three economic scenarios. In any case, the high geopolitical tensions, the strong gold purchases by central banks and the fact that 2024 is an election year for many major economies argue for a very well-supported gold price. The World Gold Council considers inflation and the central banks' actions against it to be of great importance for the future gold price. The central banks have taken vigorous action against inflation. Inflation is now likely to fall further in the majority of industrialized countries and an end to interest rate hikes is imminent.
Global economic growth is weakening, and recessions are possible. Positive factors for the gold price include a slight recession, slightly falling profits and a weakening of the US dollar. Geopolitical crises also have an effect, as gold is seen as a hedge. China's economic growth is generally expected to improve, which in turn will fuel demand for gold. What could hinder a higher gold price is a possible, but not very likely, strong tightening of monetary policy by the central banks. The pressure on commodities caused by weaker economic activity could also affect gold and thus have a negative impact on the price.
However, gold is not so easy to grasp in economic terms. This is because it is a hedge that can be interpreted differently by investors. However, according to the World Gold Council, a global recession is still to be expected, which should drive investors increasingly towards gold investments. All in all, investments in physical gold and gold shares are simply part of a balanced portfolio.
A royalty company like Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ - would also be of interest. With more than 240 assets, the company focuses on precious metals, primarily in Quebec, Nevada and Ontario.
The financing company Queen's Road Capital Investment - https://www.commodity-tv.com/ondemand/companies/profil/queens-road-capital-investment-ltd/ - has also recognized the quality of Gold Royalty and has invested 30 million US dollars in a convertible bond issued by Gold Royalty. Queen's Road Capital Investment is also an investment opportunity for investors.
Current company information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and Queen's Road Capital Investment (- https://www.resource-capital.ch/en/companies/queens-road-capital-investment-ltd/ -).
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/
