Where the big banks see the gold price in the near future is always an exciting prospect.
The price of gold is currently back above 2,000 US dollars. Calculated in euros, the precious metal reached a record value of 1,893 euros on February 6. The major banks predominantly expect the gold price to move higher in the future. The reasons for this are repeatedly cited as the approaching interest rate cuts by the Fed, the central banks' hunger for gold and the economic and political uncertainties. The return of investors via ETFs could also provide a boost. This could perhaps be the case as early as May, if the Fed cuts interest rates by then. The US bank Goldman Sachs expects the price of the precious metal to rise by around six percent over the next six months. This would result in a gold price of around 2,175 US dollars per ounce. Fluctuations are possible.
The experts at Citi Bank are particularly positive. They are even forecasting 3,000 US dollars per troy ounce of gold in the next 12 to 18 months. By contrast, analysts at JP Morgan Chase & Co. believe that a peak gold price of USD 2,300 in 2025 is realistic. The banks' forecasts are largely similar. The ANZ banking group from Australia/New Zealand sees the price of gold at around USD 2,200 per ounce by the end of the year. The upcoming elections in the USA are also seen as having a price-supporting effect. The experts at Commerzbank are not quite so positive. They see gold investments at a disadvantage compared to US investments, which do yield interest, as they assume high inflation.
A few gold stocks in the portfolio are definitely an enrichment, for example Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ -. The company is working to revitalize the Beartrack-Arnett gold property in Idaho. This used to be the largest producing gold mine there.
Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - is producing successfully in the Yukon. The Eagle Gold Mine produced almost 167,000 ounces of gold in 2023.
Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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.
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/
The price of gold is currently back above 2,000 US dollars. Calculated in euros, the precious metal reached a record value of 1,893 euros on February 6. The major banks predominantly expect the gold price to move higher in the future. The reasons for this are repeatedly cited as the approaching interest rate cuts by the Fed, the central banks' hunger for gold and the economic and political uncertainties. The return of investors via ETFs could also provide a boost. This could perhaps be the case as early as May, if the Fed cuts interest rates by then. The US bank Goldman Sachs expects the price of the precious metal to rise by around six percent over the next six months. This would result in a gold price of around 2,175 US dollars per ounce. Fluctuations are possible.
The experts at Citi Bank are particularly positive. They are even forecasting 3,000 US dollars per troy ounce of gold in the next 12 to 18 months. By contrast, analysts at JP Morgan Chase & Co. believe that a peak gold price of USD 2,300 in 2025 is realistic. The banks' forecasts are largely similar. The ANZ banking group from Australia/New Zealand sees the price of gold at around USD 2,200 per ounce by the end of the year. The upcoming elections in the USA are also seen as having a price-supporting effect. The experts at Commerzbank are not quite so positive. They see gold investments at a disadvantage compared to US investments, which do yield interest, as they assume high inflation.
A few gold stocks in the portfolio are definitely an enrichment, for example Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ -. The company is working to revitalize the Beartrack-Arnett gold property in Idaho. This used to be the largest producing gold mine there.
Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - is producing successfully in the Yukon. The Eagle Gold Mine produced almost 167,000 ounces of gold in 2023.
Current company information and press releases from Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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.
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/
