Gold is approaching its all-time high. Bond yields are weak.
It will probably only be a matter of time before a new record price for gold delights investors. The Fed will probably pause its interest rate hikes. Because then it can assess what the effects of the last rate hikes are on the economy. Inflation is still high, there are recession fears as well as risks regarding financial stability. In addition, there is the debt ceiling on U.S. debt, which is once again causing concern and also does not argue for further Fed rate hikes.
Safe investments like gold are in demand. All the more so after the renewed collapse of a U.S. bank led to a sell-off of regional banks. Figures from the U.S. labor market point to a slowdown, again a plus for gold. Chartists see the chances of gold heading towards an all-time high as greater than the possibility of a sharp sell-off. Short-term price weaknesses in the precious metal, should they occur now, should quickly become a thing of the past. The Fed has just announced the tenth interest rate hike (0.25 basis points). Whether a pause in interest rates is coming, one held oneself covered. Currently, interest rate cuts have been ruled out.
But probably we have seen the last interest rate hike now, so many industry insiders think. The inflation rate in the U.S. is currently 5.6 percent, which is still far too high. Even if further interest rate hikes come, gold stocks belong in every broadly based investment portfolio. Companies such as Chesapeake Gold or Karora Resources would come into consideration.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - has gold and silver deposits in North and South America. The main project is the Metates project (gold, silver, zinc) in Mexico.
Karora Resources - https://www.commodity-tv.com/ondemand/companies/profil/karora-resources-inc/ - operates two gold mines in Western Australia and is focused on growth. The first quarter of 2023 brought record gold production.
Current corporate information and press releases from Karora Resources (- https://www.resource-capital.ch/en/companies/karora-resources-inc/ -).
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/
It will probably only be a matter of time before a new record price for gold delights investors. The Fed will probably pause its interest rate hikes. Because then it can assess what the effects of the last rate hikes are on the economy. Inflation is still high, there are recession fears as well as risks regarding financial stability. In addition, there is the debt ceiling on U.S. debt, which is once again causing concern and also does not argue for further Fed rate hikes.
Safe investments like gold are in demand. All the more so after the renewed collapse of a U.S. bank led to a sell-off of regional banks. Figures from the U.S. labor market point to a slowdown, again a plus for gold. Chartists see the chances of gold heading towards an all-time high as greater than the possibility of a sharp sell-off. Short-term price weaknesses in the precious metal, should they occur now, should quickly become a thing of the past. The Fed has just announced the tenth interest rate hike (0.25 basis points). Whether a pause in interest rates is coming, one held oneself covered. Currently, interest rate cuts have been ruled out.
But probably we have seen the last interest rate hike now, so many industry insiders think. The inflation rate in the U.S. is currently 5.6 percent, which is still far too high. Even if further interest rate hikes come, gold stocks belong in every broadly based investment portfolio. Companies such as Chesapeake Gold or Karora Resources would come into consideration.
Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ - has gold and silver deposits in North and South America. The main project is the Metates project (gold, silver, zinc) in Mexico.
Karora Resources - https://www.commodity-tv.com/ondemand/companies/profil/karora-resources-inc/ - operates two gold mines in Western Australia and is focused on growth. The first quarter of 2023 brought record gold production.
Current corporate information and press releases from Karora Resources (- https://www.resource-capital.ch/en/companies/karora-resources-inc/ -).
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/
