According to a survey, central banks will continue to buy not insignificant amounts of gold in the coming years.
Even if the central banks' gold purchases alone do not ensure higher gold prices, they act as a hedge against falling gold prices. In the gold trade, it can currently be seen that the number of private investments made in the U.S. is increasing. At the same time, demand in China, India, Hong Kong and Turkey was lower. In China, it was still relatively robust. In the U.S., gold holdings in ETFs increased, as did COMEX gold holdings. About a quarter of the central banks surveyed intend to increase their gold holdings further, even though there were even some outflows in April, probably due to a liquidity shortage. Gold continues to represent a stable investment opportunity, inflation protection and the desired diversification. Arguments that are also valid for private investors. What is likely to stand in the way of a rise in the gold price right now is the market's opinion that the Fed could announce a 25-basis point hike next time. Because some representatives of the Fed had spoken out in favor of the possibility of a new rate hike. Although the U.S. dollar is currently showing strength, the gold price has thus still held up well.
By the way, from January to April, China made 184.5 tons of net gold imports. This was around three times as much as in the same period of the previous year. At that time, the strict lockdowns were still in effect. Whether or not the Fed has completed its cycle of increases, a temporary correction in the price of gold is likely to be temporary and not to change the overall positive picture. Investors should follow the lead of the central banks and position part of their assets in the gold market. For example, with the stocks of Condor Gold or Maple Gold Mines.
Condor Gold - https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ - owns three gold projects in Nicaragua, including the prospective La India gold project and the Estrella and Rio Luna projects.
Maple Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/maple-gold-mines-ltd/ - is working with Agnico Eagle on two gold projects in the Abitibi greenstone belt in Quebec. In addition, Maple Gold Mines owns 100 percent of the Morris project in Quebec.
Current corporate information and press releases from 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/
Even if the central banks' gold purchases alone do not ensure higher gold prices, they act as a hedge against falling gold prices. In the gold trade, it can currently be seen that the number of private investments made in the U.S. is increasing. At the same time, demand in China, India, Hong Kong and Turkey was lower. In China, it was still relatively robust. In the U.S., gold holdings in ETFs increased, as did COMEX gold holdings. About a quarter of the central banks surveyed intend to increase their gold holdings further, even though there were even some outflows in April, probably due to a liquidity shortage. Gold continues to represent a stable investment opportunity, inflation protection and the desired diversification. Arguments that are also valid for private investors. What is likely to stand in the way of a rise in the gold price right now is the market's opinion that the Fed could announce a 25-basis point hike next time. Because some representatives of the Fed had spoken out in favor of the possibility of a new rate hike. Although the U.S. dollar is currently showing strength, the gold price has thus still held up well.
By the way, from January to April, China made 184.5 tons of net gold imports. This was around three times as much as in the same period of the previous year. At that time, the strict lockdowns were still in effect. Whether or not the Fed has completed its cycle of increases, a temporary correction in the price of gold is likely to be temporary and not to change the overall positive picture. Investors should follow the lead of the central banks and position part of their assets in the gold market. For example, with the stocks of Condor Gold or Maple Gold Mines.
Condor Gold - https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ - owns three gold projects in Nicaragua, including the prospective La India gold project and the Estrella and Rio Luna projects.
Maple Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/maple-gold-mines-ltd/ - is working with Agnico Eagle on two gold projects in the Abitibi greenstone belt in Quebec. In addition, Maple Gold Mines owns 100 percent of the Morris project in Quebec.
Current corporate information and press releases from 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/
