Medical, industrial and technological applications are increasingly benefiting from the properties of the precious metal. For example, gold nanoparticles are used for rapid diagnostic tests. And the World Gold Council is supporting research into the early detection of HIV using gold nanoparticle technology. Gold is also used in space travel to protect against radiation and heat. The James Webb Space Telescope is a wonder of our time. It cost more than ten billion US dollars. It is a huge mirror that absorbs light from space and converts it into images. Thin gold coatings are used because gold can reflect infrared light. Gold nanoparticles are also used in solar cells and in research into more effective fuel cell catalysts.
The gold price has just passed the USD 2,000 mark. If the gold price falls in the short term, this should attract further investors. However, many analysts believe that the true gold price is still a long way off. Gold is predominantly bought in US dollars. If the dollar is weak, gold can be bought more cheaply, which in turn boosts demand. An important factor on the gold market is the central banks, which have bought a lot of gold. According to experts, this will continue in 2024. Interest rate cuts will then follow next year, making gold more attractive for private investors. All roads should therefore be paved for a strong or rising gold price.
Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is one of the gold producers. The company also produces platinum and palladium, with projects located in North and South America and South Africa.
U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - owns the promising Whistler gold-copper project in Alaska.
Also worthy of note is Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - with its Panuco gold-silver project in Mexico.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-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.
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