Global gold ETFs catch up
Overall, global gold ETF holdings are now only nine percent below the all-time high of August 2020.
Receive up-to-date information about the company directly via push notification
The strength of the gold price is based on various factors. These include the weaker U.S. dollar, positive gold sentiment, or increased demand from central banks. Gold-backed ETFs and similar investment opportunities make up a large part of the gold market. Institutional and retail investors are using them. In May, global gold ETFs added 61.3 tons of gold. Gold investments are popular, and there are inflation concerns and low real interest rates. Inflows into the ETFs came particularly from the U.S., the U.K. and Germany. North America added 34.5 tons of gold, Europe 31.2 tons. Asia, especially China, on the other hand, saw small outflows in May.
There were also strong inflows into the so-called low-cost ETFs in May, 8.3 tons of gold to be precise, and they accounted for 13 percent of the global net inflows in the month of May. Looking at the daily trading averages for gold, they have risen significantly again most recently in May to $176 billion. They averaged $183 billion in 2020. In the U.S., inflation was higher than expected and falling U.S. yields also had an impact.
All in all, gold should be well on its way to higher prices. So, there is still time to look around at the values of gold companies.
First, there is Maple Gold Mines - https://www.youtube.com/watch?v=x7UIH222ea0. Located in Quebec in the Abitibi greenstone belt are the Douay and Joutel gold projects. An established gold resource is present as well as a past producing mine.
Trillium Gold Mines - https://www.youtube.com/watch?v=4SDhp5ZrEMI - also has properties in prime areas, in the Red Lake Mining District in Ontario and in Quebec. The focus is on growth.
Current corporate information and press releases from Maple Gold Mines ( https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and Trillium Gold Mines ( https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/).
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/