Gold price up ten percent so far this year
Among the various commodities, gold has shown one of the best price trends over the current year.
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Precious metals will never go out of fashion; gold is not just a commodity; it is a currency. Gold is currently more expensive than it has been for a good six months. The fact that inflation is falling, for example in the USA or here in Germany, does not detract from the popularity of the precious metal. After all, gold is much more than just a hedge against inflation. Even higher bond yields cannot stop gold's success story, not even the shift away from gold ETFs seen this year. Interest rate expectations of the Fed remain the driving force. The prevailing opinion is that interest rates will be cut next year, and this will be reflected in a rising gold price. After all, the US economy is weakening. It is worth betting on gold, this opinion now seems to be prevailing. Interest rates are falling, and the US dollar is losing strength, which is good for the gold price. Many gold experts are expecting a new record price for the precious metal in the near future. Gold ETFs, which have seen inflows again after a months-long dry spell, are probably also banking on this.
The signs are therefore excellent. It is also generally assumed that central banks will continue to buy large amounts of gold in the new year. And the end of the year is favorable for the gold price in terms of seasonality anyway. Of course, temporary setbacks in the gold price are within the normal range. Investors should use these as entry opportunities, for example for an investment in Victoria Gold or Calibre Mining.
Victoria Gold - https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ - was able to produce almost 42,000 ounces of gold in the third quarter of 2023 at its Dublin Gulch gold property in Yukon, Canada.
Together with Marathon Gold, Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - will become a medium-sized, high-growth gold producer. The focus is on North and South America.
Current company information and press releases from Victoria Gold (https://www.resource-capital.ch/en/companies/victoria-gold-corp/ ) and Calibre Mining (https://www.resource-capital.ch/en/companies/calibre-mining-corp/ ).
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