Golden prospects in the new decade
Connoisseurs of the gold market have their say. The Goldman Sachs Group and also the UBS Group forecast a gold price of USD 1,600 per troy ounce. This price was last seen in 2013, and gold will continue to be used as a hedge in the new year as well - there should be no doubt about that. The central banks are also likely to continue to buy gold. After all, they consume a fifth of the world's gold supply.
Economic growth and also inflation will probably remain moderate. Concerns in this regard could be reduced. But without geopolitical tensions and uncertainties, the new year will not pass off - and support the gold price. Gold therefore remains the means of choice for gaining security.
The upcoming presidential elections in the USA will certainly cause a stir and thus more noise on the market. So is the ongoing trade war. An investment in the shares of the gold companies should therefore be considered in the new year in any case.
Skeena Resources or White Gold, for example, could be considered here. Skeena Resources owns the Snip and Eskay gold properties - https://www.commodity-tv.com/play/skeena-resources-exploration-and-development-of-historic-gold-mine-deal-with-barrick/. Snip is 100 percent owned and operated by Skeena and is located in the Golden Triangle of British Columbia. Drilling last year produced up to 3,390 grams of gold per tonne of rock at the Snip Mine. In addition, there is the GJ copper-gold porphyry project.
White Gold also has a huge land package in the Yukon (almost 423,000 hectares) and has already identified several high-grade gold targets. 4.31 grams of gold, for example, is an encouraging drilling result - https://www.commodity-tv.com/play/white-gold-increases-mineral-resource-estimate-by-25/.
Recent corporate news and press releases from Skeena Resources (https://www.resource-capital.ch/en/companies/skeena-resources-ltd/) and White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/).
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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