Solid gold market
The World Gold Council has once again examined the gold market and found it to be in good shape.
Receive up-to-date information about the company directly via push notification
The start for gold into the current year was good. Demand was high in the first quarter of 2022, as ETF inflows were strong, up 34 percent year-over-year. Gold is in demand as a hedge in these uncertain times, both economically and geopolitically, according to the World Gold Council. In the first quarter of 2022, demand for gold coins and bars was 11 percent above the five-year average. The first quarter of 2021 had been stronger, but now the lockdowns in China were having an impact. This situation in China, together with fewer celebrations in India, resulted in somewhat lower jewelry demand (seven percent less than in the first quarter of 2021).
The technology sector recorded growth, and the first three months brought a four-year high. Central banks are also always of interest. They more than doubled their net purchases compared with the previous quarter. Egypt and Turkey in particular made additional purchases. Overall, total demand for gold rose by four percent year-on-year. So, gold continues to be a precious metal that is increasingly demanded in times of crisis. Inflation, supply chain problems, the Ukraine war and the aftermath or effects of the pandemic will not be off the table anytime soon. In March, the price of the precious metal was already close to an all-time high, and perhaps a new all-time high is not far off. The outlook for the gold price should therefore remain very good. This leads to positive effects on gold companies. The following companies should be taken a look at:
Osisko Gold Royalties - https://www.youtube.com/watch?v=rtYSi4SouAE - impresses as a royalty company with diversification. More than 165 royalties and precious metal sales in North and South America are in the portfolio.
Denarius Metals - https://www.youtube.com/watch?v=6t0hT6NNKCg - is active in Colombia and Spain. The company's projects contain gold, silver, copper, lead and zinc. Denarius Metals' focus is on projects in high-grade regions.
Current corporate information and press releases from Osisko Gold Royalties (
www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/) and Denarius Metals
(www.resource-capital.ch/en/companies/denarius-metals-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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/