Gold price does not really weaken
The price of gold staged a strong rally by reaching the important mark of 1,670 U.S. dollars per ounce. Gold quickly became around 15 percent more expensive. Then the momentum was gone, even more so after the latest Fed statements on future interest rate hikes. But the environment for gold has not changed. Money supply and debt continue to grow, inflation is rising. And the gold price has already recovered somewhat.
Even if interest rate hikes are announced by the Fed in two or three years, it must be doubted that yields can rise significantly from the current level. Bonds will continue to have very low or negative yields for a long time due to the impact of inflation. This presents a favorable environment for the price of gold. The U.S. continues to print money, gold should benefit from this scenario and continue to live up to its name as a safe haven. An interest rate hike by the Fed is also unlikely to be very high in view of the massive government debt of 128 percent in relation to GDP.
The fact that gold has just taken a breather in terms of price should be taken calmly. After all, gold is also volatile and Fed decisions always have an effect. And if the gold price is not so high, good buying opportunities can arise.
For example, in the area of gold companies, for example Kore Mining - https://www.youtube.com/watch?v=CmhhvlWgTdw - could be worth an investment. The company's Long Valley and Imperial projects are located in California, and strategic investor Eric Sprott is on board.
Gold Terra Resource - https://www.youtube.com/watch?v=4mwHvYTmwAU - owns the Yellowknife City gold project in the Northwest Territories in the Yellowknife Greenstone Belt, one of the six largest gold deposits in Canada (about 800 square kilometers of land).
Current corporate information and press releases from Gold Terra Resource (https://www.resource-capital.ch/de/unternehmen/gold-terra-resource-corp/) and Kore Mining (https://www.resource-capital.ch/de/unternehmen/kore-mining-ltd/).
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.
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