Not so high since 2013: The gold price
Gold fans should be pleased. At up to 1463 US dollars per ounce, the gold price shows that gold is extremely in demand. In euro terms, gold is even more expensive than it has been since 2012. The trade dispute has reached a new level of escalation. A further interest rate cut by the FED now appears to be within reach. The CME Group's FED Watch tool currently assumes a probability of more than 74 percent.
And don't forget, bond yields are dropping. Yields on ten-year US government bonds are at their lowest level since November 2016. Falling interest rates strengthen the attractiveness of the precious metal. Gold companies such as Maple Gold Mines and White Gold also benefit from this.
CEO and President Matthew Hornor of Maple Gold Mines - http://www.commodity-tv.net/c/search_adv/?v=299175, which owns the Douay gold mine in Quebec, is also pleased: "The gold market is finally showing signs of a potential outbreak. The Douay gold project is located in the productive Abitibi Grennstone Belt and covers around 390 square kilometres of the best gold land. The winter drilling program intersected gold mineralization in 14 of 15 holes drilled.
White Gold - http://www.commodity-tv.net/c/search_adv/?v=299173 - is successfully drilling on its White Gold property. Partners are Agnico Eagle Mines and Kinross Gold. The mineral resource estimate on the Yukon, Canada property has currently been increased by 25 percent (now showing more than one million ounces of gold in the category).
Although there is a threat of short-term setbacks in the gold price, in the longer term many people who are intensively involved with the precious metal expect a longer-term upward trend.
Current company information and press releases from Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/) and White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/).
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