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Experts set gold price expectations high

The framework conditions seem to have developed in favour of gold 

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In its latest precious metals commentary, UBS has raised its three-month target for the gold price from USD 1,380 to USD 1,430. This is because the opportunity costs of holding a gold position are falling, while the reasons for diversification and a safe haven are increasing. An expected decline in growth, falling real interest rates, the development of the US dollar and trading risks are further boosting the gold price.

In addition, UBS experts believe that gold has the potential to rise even if the US dollar holds. The price of gold has always failed in recent years in its attempt to rise above 1,400 US dollars. This time, however, the continuing decline in interest rates is having an effect. Low and negative real interest rates now speak for a strong gold price. After all, yields on bonds from industrialized countries are mostly below one percent. And more than a third only generate negative returns.

An additional support for the gold price is the increase in gold stocks in many countries due to the central banks' propensity to buy. This was already noticeable in 2018 and has continued so far this year. It is particularly important that these are usually long-term decisions. In addition, among the buyers were central banks that had not previously bet on gold or that had re-entered the market to increase their gold stocks.

The private investor also has no choice but to invest in gold. Gold companies such as GoldMining or Steppe Gold play a role here.

GoldMining - http://www.commodity-tv.net/c/search_adv/?v=298886 - has gold projects in North and South America, such as the Yellowknife gold project in the Northwest Territories of Canada, which has more than one million ounces of gold explored and displayed in the ground.

Steppe Gold - http://www.commodity-tv.net/c/search_adv/?v=299041 - is about to start production with its ATO gold project in eastern Mongolia. The project is characterized by low costs and the possibility of resource expansion.

Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd/).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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