Gold price - the journey is likely to continue
The price of gold recently reached a new high. And many are convinced that the price will continue to rise.
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Calculated in euros, the price of the precious metal has risen by almost 650 euros or a good 37 percent in the past twelve months, which is good news for gold investors. What is driving the price up and will continue to do so are the crises and wars that exist. An expansion of geopolitical crises is anything but impossible and could lead to further price increases. On the other hand, it is the interest rate cuts by the European Central Bank and the US Federal Reserve, as well as the hunger for gold on the part of many central banks, that are creating sentiment. The interest rate cuts should also increase ETF inflows. Even if the gold price takes a breather from time to time, this does not change the extremely positive overall picture. This has already prompted some important voices, such as Goldman Sachs, to raise their price forecasts. Goldman Sachs is now forecasting a gold price of USD 2,973 per troy ounce for 2025.
A small hoard of gold is also a good idea for private investors, just as the stocks of gold companies benefit from the rising gold price. Even if inflation is falling, hoarding cash is often not such a good idea. In Genoa, two sisters discovered 158 million lire, or around 82,000 euros, in their deceased grandfather's cellar. But now the Italian central bank is refusing to exchange them. According to the bank, this is no longer possible more than ten years after the introduction of the euro. In this country, there is no time limit for the exchange of old D-Mark holdings. Investors should keep an eye on gold companies such as Osisko Development or Miata Metals.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - aims to become a mid-tier gold producer, focusing on early producing projects in Canada, Mexico and the USA.
Miata Metals - https://www.commodity-tv.com/ondemand/companies/profil/miata-metals-corp/ - is involved in the acquisition, exploration and development of properties. The company currently holds two earn-in options for the acquisition of interests (100 percent) in two promising gold projects in British Columbia.
Current company information and press releases from Miata Metals (https://www.resource-capital.ch/en/companies/miata-metals-corp/ ) and Osisko Development (https://www.resource-capital.ch/en/companies/osisko-development-corp/ ).
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