Optimistic for golden 2019
Bank analysts expect economic growth to slow, so investors will try to verify their portfolios. The focus will increasingly be on gold. A long and bullish trade in gold is expected. Especially if growth in the USA were to weaken, investments in gold and gold stocks would become all the more attractive due to the then weaker US dollar.
With regard to the US dollar, Goldman Sachs analysts therefore see the rally as declining sharply. There is therefore almost nothing standing in the way of a significant recovery of the gold price. Already at the end of last week the US dollar weakened and immediately the gold price rose. Commerzbank experts are assuming a similar development and still point out that the US dollar will slide down due to the end of Fed interest rate hikes in the USA. Looking at the last FED interest rate hike cycle (2004 to 2006), it is noticeable that the gold price began to rise around eight months before the last interest rate hike.
Not only gold companies, but also precious metal license companies such as Osisko Gold Royalties - https://www.commodity-tv.net/c/search_adv/?v=298720 - should therefore look to 2019 with optimism. In January, the company will pay out the 17th consecutive quarterly dividend. With its focus on North America, Osisko Gold Royalties not only holds various interests in commodity companies, but also a portfolio of over 130 license fees, streams and precious metal purchases.
The experts are also positive about other precious metals such as platinum and palladium. Even if palladium should make some corrections in the meantime due to the sharp rise in the price. Strong commodity prices should, for example, delight Sibanye-Stillwater - https://www.commodity-tv.net/c/search_adv/?v=298572.
The company is a major player in the gold sector in South Africa as well as in the platinum and palladium markets. Not many mining companies are active in the gold and platinum group metals sectors at the same time. There's also uranium activity. Shareholders are also pleased about dividend payments.
Current company information and press releases from Osisko Gold Royalties (https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd.html) and Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd.html).
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