November was a good month for the price of the precious metal. After all, before that there were seven monthly declines.
Also December was so far pleasing for the gold price, the 1,800 U.S. dollar mark per ounce could be cracked. The reduced interest rate hikes by the Fed, which are imminent, have probably made themselves felt. And one hopes for the end of the interest rate increases. Because that would do the gold price again good. Now a weaker U.S. dollar as well as clearly fallen bond yields worked for higher prices in the precious metal. The all-clear cannot be given quite yet, because the Fed's inflation target of two percent is still a long way off and the Fed will fix a certain interest rate level. In any case, after four hikes of 75 basis points each, the next rate move will probably be only 50 basis points. Outflows from gold ETFs, while still continuing, have slowed. Thus, speculative financial investors do not yet seem to be convinced to get back into gold.
Next year, gold investors can hope for better times. The World Gold Council also expects a stable positive environment for the precious metal in 2023. However, there are more uncertainties than usual, keyword recession, stagflation, inflationary pressure. Geopolitical tensions could also increase. If unfavorable conditions manifest themselves, then economic consequences would be expected. This in turn should then play into the hands of the safe haven gold and drive the gold price. Thus, the environment for gold remains challenging, but those who believe in the value stability of gold, and rightly so as history shows, can look to the stocks of gold companies.
Caledonia Mining - https://www.commodity-tv.com/play/caledonia-mining-solar-plant-starting-to-power-blanket-mine-great-growth-potential-ahead/ - is successfully producing at its Blanket gold mine in Zimbabwe with the participation of locals. A new solar plant has recently been providing electricity.
Maple Gold Mines, together with partner Agnico Eagle Mines, is active in Quebec in the Abitibi greenstone belt. Two gold projects are being advanced there.
Current corporate information and press releases from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -) and Maple Gold Mines (- https://www.resource-capital.ch/en/companies/maple-gold-mines-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/
Also December was so far pleasing for the gold price, the 1,800 U.S. dollar mark per ounce could be cracked. The reduced interest rate hikes by the Fed, which are imminent, have probably made themselves felt. And one hopes for the end of the interest rate increases. Because that would do the gold price again good. Now a weaker U.S. dollar as well as clearly fallen bond yields worked for higher prices in the precious metal. The all-clear cannot be given quite yet, because the Fed's inflation target of two percent is still a long way off and the Fed will fix a certain interest rate level. In any case, after four hikes of 75 basis points each, the next rate move will probably be only 50 basis points. Outflows from gold ETFs, while still continuing, have slowed. Thus, speculative financial investors do not yet seem to be convinced to get back into gold.
Next year, gold investors can hope for better times. The World Gold Council also expects a stable positive environment for the precious metal in 2023. However, there are more uncertainties than usual, keyword recession, stagflation, inflationary pressure. Geopolitical tensions could also increase. If unfavorable conditions manifest themselves, then economic consequences would be expected. This in turn should then play into the hands of the safe haven gold and drive the gold price. Thus, the environment for gold remains challenging, but those who believe in the value stability of gold, and rightly so as history shows, can look to the stocks of gold companies.
Caledonia Mining - https://www.commodity-tv.com/play/caledonia-mining-solar-plant-starting-to-power-blanket-mine-great-growth-potential-ahead/ - is successfully producing at its Blanket gold mine in Zimbabwe with the participation of locals. A new solar plant has recently been providing electricity.
Maple Gold Mines, together with partner Agnico Eagle Mines, is active in Quebec in the Abitibi greenstone belt. Two gold projects are being advanced there.
Current corporate information and press releases from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -) and Maple Gold Mines (- https://www.resource-capital.ch/en/companies/maple-gold-mines-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/
