Popularity of gold increases
Now that the gold price has reached its highest level since November, further upside potential is expected.
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The fact that the precious metal had just cost around 1,840 US dollars should please investors. And thus, gold could break out of the sideways movement that has lasted for about twelve months. After all, nominal interest rates are also currently rising, which is actually counterproductive for the gold price. Ten-year bonds have risen from 1.4 to 1.8 percent in the U.S. and into positive territory in Europe for the first time in three years. Four interest rate hikes are expected in the U.S. this year, but even these expectations are not negatively impacting the price of the precious metal at this time. Gold ETFs are currently stocking up their gold reserves, as more funds are flowing into them again.
Investors had been holding back in the gold sector for almost a year and a half. Today, the mining sector looks similar to late 2015 or late 2018, when many mining stocks were ignored. Again, three years have passed, and a bottom may once again be followed by an upward trend. Similar to late 2015, when the Fed's rate hike cycle was interrupted, is the situation today. At that time (in 2016), juniors made huge gains. In some cases, the value of the Juniors increased 15-fold. This strengthens the fundamental background for precious metals, which are considered undervalued by many in the industry.
To bet on gold, investors might consider investing in companies like Gold Terra Resource or Chesapeake Gold.
Gold Terra Resource - https://www.youtube.com/watch?v=ueS0RMOkMkQ - is looking after the Yellowknife City Gold Project, a large project of previously producing gold mines in the Northwest Territories.
In Mexico, Chesapeake Gold owns the Metates gold-silver project, one of the largest undeveloped deposits with over 20 million ounces of gold and 550 million ounces of silver.
Latest corporate information and press releases from Gold Terra Resource (
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