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Gold price - 2020 and 2021

The price of gold has currently fallen significantly. This was caused by unexpected positive economic data from the USA

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Given the severity of the pandemic in the USA, hardly anyone had expected such positive data. The dollar exchange rate rose more strongly than many expected and because gold is traded in US dollars, this pushed the price of gold down. Even a corona vaccine, which is likely to be available soon, does not seem to be so beneficial to gold as a safe haven.

However, the following must be considered: The demand for the precious metal remains strong. Looking at the gold holdings contained in ETFs and ETCs, they have increased since August. Investor demand is therefore unbroken, even though there have recently been outflows from ETFs. And especially institutional investors such as insurance companies and so on can usually only buy gold in the form of ETFs and ETCs. In crisis situations this leads to demand for gold in the form of large amounts.

The money printing machines will continue to run, because according to the central banks there should be no defaults. Public debt is rising, and the purchasing power of the euro or US dollar and the other currencies is falling. Gold can counter this currency devaluation because gold does not lose value.

The major Swiss bank UBS expects higher gold prices for the first half of 2021 and then a consolidation in the second half of the year. According to UBS experts, this is when the growth prospects are expected to broaden, and the central banks are expected to adopt a more neutral stance. If, precisely because of the weakening gold price, values of good gold companies such as Aguila American Gold or Canarc Resource are favorable, an entry should be considered.

Canarc Resource has just received a permit for exploration work on its New Polaris Gold Mine Project in British Columbia. This is Canarc Resource's most advanced project of several gold projects in North America.

Aguila American Gold is focused primarily on the Wusa gold-silver project in Oregon. Four potential areas, with samples yielding up to 5.51 grams of gold per tonne of rock, are ready for drilling and offer great potential.

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/ 

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