Gold price experiences short-term turbulence
Announcements by the US government continue to cause fluctuations in gold prices.
(PresseBox) - The gold market is sensitive to economic and monetary policy uncertainties. Recently, there have been renewed rumors that Fed Chairman Jerome Powell may be facing dismissal. Gold, a safe haven, reacted immediately in terms of price. However, as so often before, the US president made a U-turn and withdrew his threats. Inflation concerns are also likely to be a significant factor, as the latest figures show that core inflation once again fell short of expectations. In June, retail prices in the US rose to 2.7 percent. In May, it was still 2.4 percent. In addition, rising interest payments are forcing the creation of new money. As a result, the US dollar money supply continues to rise steadily. Looking back at 2020, the money supply increased sharply due to the pandemic. And within 2021, consumer price inflation rose from an initial two percent to just under seven percent. In mid-2022, it even reached almost nine percent.
Since the US dollar is still the dominant currency, even though efforts to de-dollarize are increasing, many are in favor of a gold standard. In any case, central banks around the world are buying gold for reasons of value preservation and diversification. It is interesting to note that the number of central banks buying gold directly from domestic mines is growing. A good half of central banks are doing so. When commodities appear cheap compared to gold, their prices often rise. The price of platinum has risen significantly, as has the price of palladium. Chart technicians expect a new wave of buying and a further rise in the price of platinum if the price rises above US$1,243 ?? and we are currently well above that level. This should please companies such as Sibanye-Stillwater and pure gold companies such as Miata Metals.
Miata Metals - https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ - is working on two promising gold projects (Sela Creek, Nassau) in Suriname, South America.
Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - successfully produces platinum metals and gold in the US and South Africa.
Current company information and press releases Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Miata Metals (- https://www.resource-capital.ch/en/companies/miata-metals-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: 21.07.2025 - 02:38 Uhr
Sprache: Deutsch
News-ID 724341
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 177 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Gold price experiences short-term turbulence"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
