Gold price - the journey is likely to continue
The price of gold recently reached a new high. And many are convinced that the price will continue to rise
(PresseBox) - Calculated in euros, the price of the precious metal has risen by almost 650 euros or a good 37 percent in the past twelve months, which is good news for gold investors. What is driving the price up and will continue to do so are the crises and wars that exist. An expansion of geopolitical crises is anything but impossible and could lead to further price increases. On the other hand, it is the interest rate cuts by the European Central Bank and the US Federal Reserve, as well as the hunger for gold on the part of many central banks, that are creating sentiment. The interest rate cuts should also increase ETF inflows. Even if the gold price takes a breather from time to time, this does not change the extremely positive overall picture. This has already prompted some important voices, such as Goldman Sachs, to raise their price forecasts. Goldman Sachs is now forecasting a gold price of USD 2,973 per troy ounce for 2025.
A small hoard of gold is also a good idea for private investors, just as the stocks of gold companies benefit from the rising gold price. Even if inflation is falling, hoarding cash is often not such a good idea. In Genoa, two sisters discovered 158 million lire, or around 82,000 euros, in their deceased grandfather s cellar. But now the Italian central bank is refusing to exchange them. According to the bank, this is no longer possible more than ten years after the introduction of the euro. In this country, there is no time limit for the exchange of old D-Mark holdings. Investors should keep an eye on gold companies such as Osisko Development or Miata Metals.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - aims to become a mid-tier gold producer, focusing on early producing projects in Canada, Mexico and the USA.
Miata Metals - https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ - The company currently holds earn-in options to acquire 100% of the shares in the Cabin Lake property in the Omineca Mining Division in British Columbia and 100% of the shares in the prioritized Sela Creek gold project in Suriname.
Current company information and press releases from Miata Metals (- https://www.resource-capital.ch/en/companies/miata-metals-corp/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-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/.
Unternehmensinformation / Kurzprofil:
Datum: 04.10.2024 - 03:00 Uhr
Sprache: Deutsch
News-ID 712311
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Contact person: Jörg Schulte
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