For some time now, the price of the precious metal has been bobbing around below the magic mark of $2,000.
The gold price is a sensitive fellow. Traders who bet on risky assets like stocks will probably invest less in gold. On the other hand, they bet on gold when uncertainties and geopolitical crises dominate the market. Likewise, fears of recession and weak economic data make market participants turn more to gold. One factor on which the price of gold is heavily dependent is the dollar index. Gold is traded in dollars. A strong dollar weighs on the gold price. The dollar index compares the U.S. currency with a basket of six different currencies. If the dollar index rises, this is to be understood as an appreciation of the U.S. dollar against other currencies. In 2022, the dollar index has already risen by 20 percent. Gold in euros outperformed gold in U.S. dollars during this period. In 2023, the index fell again. If one wants to know how the gold price will develop in the future, a look at the Fed is appropriate. If the rate hike ends, then the price of gold is expected to rise significantly.
The Fed has been raising interest rates at a tremendous pace, currently it has paused. But inflation is losing momentum, this suggests that changes can be expected in the price of gold. The fact that the gold price is not higher at the moment is because Fed Chairman Jerome Powell has announced further interest rate hikes.
Just when prices reset, gold is increasingly bought and as it seems, look at professional investors at good entry opportunities, because in gold they are still little invested. Even if interest rates continue to rise somewhat until the end of the year, the end of interest rate hikes is in sight. Investments in gold companies could therefore now be under a good star.
Mid-tier gold producers include Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - with successful properties in North and South America.
Located in the Northwest Territories in the Yellowknife Greenstone Belt is Gold Terra Resource's - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - Yellowknife City Gold Project. It is one of the six largest high-grade gold deposits in Canada.
Current corporate information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/de/unternehmen/gold-terra-resource-corp/ -) and Calibre Mining (- https://www.resource-capital.ch/de/unternehmen/calibre-mining-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 gold price is a sensitive fellow. Traders who bet on risky assets like stocks will probably invest less in gold. On the other hand, they bet on gold when uncertainties and geopolitical crises dominate the market. Likewise, fears of recession and weak economic data make market participants turn more to gold. One factor on which the price of gold is heavily dependent is the dollar index. Gold is traded in dollars. A strong dollar weighs on the gold price. The dollar index compares the U.S. currency with a basket of six different currencies. If the dollar index rises, this is to be understood as an appreciation of the U.S. dollar against other currencies. In 2022, the dollar index has already risen by 20 percent. Gold in euros outperformed gold in U.S. dollars during this period. In 2023, the index fell again. If one wants to know how the gold price will develop in the future, a look at the Fed is appropriate. If the rate hike ends, then the price of gold is expected to rise significantly.
The Fed has been raising interest rates at a tremendous pace, currently it has paused. But inflation is losing momentum, this suggests that changes can be expected in the price of gold. The fact that the gold price is not higher at the moment is because Fed Chairman Jerome Powell has announced further interest rate hikes.
Just when prices reset, gold is increasingly bought and as it seems, look at professional investors at good entry opportunities, because in gold they are still little invested. Even if interest rates continue to rise somewhat until the end of the year, the end of interest rate hikes is in sight. Investments in gold companies could therefore now be under a good star.
Mid-tier gold producers include Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - with successful properties in North and South America.
Located in the Northwest Territories in the Yellowknife Greenstone Belt is Gold Terra Resource's - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - Yellowknife City Gold Project. It is one of the six largest high-grade gold deposits in Canada.
Current corporate information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/de/unternehmen/gold-terra-resource-corp/ -) and Calibre Mining (- https://www.resource-capital.ch/de/unternehmen/calibre-mining-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/
