In the past five years, gold has become about twice as expensive. The gold price is currently calm.
Contrary to expectations, the US attack on Iran has not boosted the price of gold. Apparently, investors have remained calm and have not lost their balance. According to chart technicians, even a price correction to USD 3,310 per ounce would not be a disaster and a price rise would be possible again immediately. However, if the price of the precious metal falls below USD 3,300 per ounce, there could be further price losses in the short term. However, a brief summer price dip does not cloud the longer-term positive picture for gold.
In general, the commodities sector has been strong so far this year. According to Saxo Bank, the gold price could reach the USD 4,000 mark within the next twelve months. Gold, silver and platinum are therefore the top performers in the commodities sector. Platinum and silver are obviously seen as alternatives to gold. But even if gold is now in a consolidation phase, the next bullish impulse is likely to come.
Considering that the price of the precious metal has risen by almost 30 percent this year alone, a consolidation phase is not surprising. The conflict between Israel and Iran has not yet driven the gold price to any great extent. But it could yet spread. And the known price-driving factors - customs policy, trouble spots, national debt - continue to exist. Anyone interested in gold companies can take a look at Aurania Resources or Calibre Mining.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - is working on the exciting The Lost Cities-Cutucu project in Ecuador. It contains gold and copper.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is successfully producing gold in Nicaragua and Nevada. The company will merge with Equinox Gold to create a major gold producer.
Current company information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/
Contrary to expectations, the US attack on Iran has not boosted the price of gold. Apparently, investors have remained calm and have not lost their balance. According to chart technicians, even a price correction to USD 3,310 per ounce would not be a disaster and a price rise would be possible again immediately. However, if the price of the precious metal falls below USD 3,300 per ounce, there could be further price losses in the short term. However, a brief summer price dip does not cloud the longer-term positive picture for gold.
In general, the commodities sector has been strong so far this year. According to Saxo Bank, the gold price could reach the USD 4,000 mark within the next twelve months. Gold, silver and platinum are therefore the top performers in the commodities sector. Platinum and silver are obviously seen as alternatives to gold. But even if gold is now in a consolidation phase, the next bullish impulse is likely to come.
Considering that the price of the precious metal has risen by almost 30 percent this year alone, a consolidation phase is not surprising. The conflict between Israel and Iran has not yet driven the gold price to any great extent. But it could yet spread. And the known price-driving factors - customs policy, trouble spots, national debt - continue to exist. Anyone interested in gold companies can take a look at Aurania Resources or Calibre Mining.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - is working on the exciting The Lost Cities-Cutucu project in Ecuador. It contains gold and copper.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is successfully producing gold in Nicaragua and Nevada. The company will merge with Equinox Gold to create a major gold producer.
Current company information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/
