Donald Trump has now moved back into the White House. Market participants picked up gold as a hedge.
Gold inventories to cover futures transactions on the COMEX have recently risen sharply. To be precise, to the highest level since November 2022 and by more than two million ounces of gold last week. The intention behind this is probably to hedge against possible import tariffs. Uncertainties such as the threat of trade wars or inflationary trends are pushing investors towards gold. The fact that a ceasefire has been negotiated between Hamas and Israel does not seem to play a major role at the moment. Fed interest rate cuts, which are again less expected, have not affected the gold price much either. What would support the gold price right now would be a weaker US dollar and falling bond yields. In any case, gold will benefit as a safe haven as long as it is not clear how the new US president will deal with tariffs.
Chart technicians see the fact that the price of the precious metal has risen above USD 2,702 per troy ounce as an important success. The price is likely to rise further if the gold price rises above USD 2,725 per ounce. A further wave of buying should then be imminent. If the precious metal does not make it above USD 2,725 per ounce and possibly falls back below USD 2,670, a significant correction should be expected. We will know more as soon as there is clarity regarding Donald Trump's policies and the Fed's interest rate decisions. The shares of gold companies such as Revival Gold or Fury Gold Mines should always be part of a balanced portfolio
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - is developing gold mines in the west of the USA. These include the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho. These are two gold systems with several million ounces.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - owns projects in Quebec and Nunavut, as well as a 51 million common share position in Dolly Varden Silver Corp. and thus also a multi-million-ounce gold platform.
Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-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/
Gold inventories to cover futures transactions on the COMEX have recently risen sharply. To be precise, to the highest level since November 2022 and by more than two million ounces of gold last week. The intention behind this is probably to hedge against possible import tariffs. Uncertainties such as the threat of trade wars or inflationary trends are pushing investors towards gold. The fact that a ceasefire has been negotiated between Hamas and Israel does not seem to play a major role at the moment. Fed interest rate cuts, which are again less expected, have not affected the gold price much either. What would support the gold price right now would be a weaker US dollar and falling bond yields. In any case, gold will benefit as a safe haven as long as it is not clear how the new US president will deal with tariffs.
Chart technicians see the fact that the price of the precious metal has risen above USD 2,702 per troy ounce as an important success. The price is likely to rise further if the gold price rises above USD 2,725 per ounce. A further wave of buying should then be imminent. If the precious metal does not make it above USD 2,725 per ounce and possibly falls back below USD 2,670, a significant correction should be expected. We will know more as soon as there is clarity regarding Donald Trump's policies and the Fed's interest rate decisions. The shares of gold companies such as Revival Gold or Fury Gold Mines should always be part of a balanced portfolio
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - is developing gold mines in the west of the USA. These include the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho. These are two gold systems with several million ounces.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - owns projects in Quebec and Nunavut, as well as a 51 million common share position in Dolly Varden Silver Corp. and thus also a multi-million-ounce gold platform.
Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-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/
