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High demand for gold

Demand for gold rose by seven percent in the first quarter of 2019 compared with the same quarter of the previous year.

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Thus, 1,053.3 tonnes of gold were in demand in the first three months of 2019. This was due to the strong buying activities of central banks, which continue to regard gold as insurance. This means that as much gold as had been stored since 2013 (in relation to the first quarter) no longer went into the central banks' gold deposits. Gold supported ETFs have also grown in the first three months of 2019, according to World Gold Council research.

Russia in particular increased its gold reserves and now owns around 19 percent (2,168 tons of gold) of the world's reserves. On the one hand gold is a crisis metal and on the other hand it is an insurance in the form of a currency. Political uncertainties and trouble spots are also driving gold into the safe haven.

Investment in bars and coins fell by one per cent in the first quarter of the current year. By contrast, demand for gold jewellery has risen by around five percent, mainly thanks to Indian buyers. They had not bought as much as they had since 2015. In China, the purchase of gold jewellery was somewhat restrained (a decline of two percent compared to the same quarter of the previous year), probably also due to the uncertainties of the international trade conflict.

The technology sector, on the other hand, needed less gold. Trade conflicts and somewhat weaker sales of consumer electronics were as much to blame as weaker economic growth. If central banks continue to bet on gold and even more investors jump on the bandwagon, gold companies like US Gold or TerraX Minerals should make good progress.

US Gold - http://www.commodity-tv.net/c/search_adv/?v=298868 - has a portfolio of prospective projects and concessions (gold and copper). In particular, the Keystone gold project in Nevada is located on gold rich soil.

TerraX Minerals' Yellowknife City gold project - http://www.commodity-tv.net/c/search_adv/?v=299034 - is located in a proven gold area where gold has previously been produced. 783 square kilometers of best gold country in Canada. The water licence, which is important for such projects, is already available.

Current corporate information and news releases from US Gold (https://www.resource-capital.ch/en/companies/us-gold-corp/) and TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/).

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 German 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: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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