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Gold price forecasts or a look into the glass ball

Many major banks have issued new gold price forecasts. They all agree that the price of gold will rise

There will be no further sales, according to the big banks. Since the beginning of 2018, the gold price has lost around 7.5 percent. Now a bottom should be reached. For weeks the gold price has been fluctuating around 1,200 US dollars per troy ounce.

Goldman Sachs, for example, expects the price of gold to rise to 1,300 US dollars per troy ounce over the next 12 months, eight percent more than today. BMO Capital Markets (investment banking subsidiary of the Canadian Bank of Montreal) also expects a strong rise in gold prices as soon as the FED switches back to raising the key interest rate.

The Bank of America Merrill Lynch forecasts 1,350 US dollars for the coming year as the price of one troy ounce of gold. The reason given is the huge US budget deficit and the international trade dispute. Concerns about the US economy could cause the Federal Reserve to raise interest rates more slowly. This would then help the price of gold to rise. And the tax cuts decided under President Donald Trump's government will probably drive the budget deficit even higher.

Similar predictions also come from the Royal Bank of Canada. Analysts there expect an average of 1,338 US dollars per ounce. In order to benefit from a rising gold price with leverage, an investment in companies such as Panoro Minerals or US Gold could be worthwhile.

Panoro Minerals - https://www.commodity-tv.net/c/search_adv/?v=298566, well funded, is making excellent progress with its flagship project, the Cotabambas copper-gold-silver mine in southern Peru. The infrastructure there is good and the aim is to start production as soon as possible.

US Gold - https://www.commodity-tv.net/c/search_adv/?v=298164 - has a significant portfolio of exploration and development projects with a focus on gold exploration. The projects are located in Nevada and Wyoming, the Copper King Project, the Keystone Project and the Gold Bar North Project. All three are to be brought into production soon.

Current corporate information and news releases from Panoro Minerals (https://www.resource-capital.ch/en/companies/panoro-minerals-ltd.html) and US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp.html).

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 English 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: www.resource-capital.ch/en/disclaimer.html

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