The gold price depends on various factors
If the economy grows, this is supportive for jewellery, long-term savings and demand from industry. Risks and uncertainties drive many investors into the safe haven of gold. Assets like gold serve as protection against losses and provide diversification in the portfolio. In addition, interest rates and the strength or weakness of currencies affect the price of the precious metal.
These principles apply not only to private investors, but also to central banks. In the current year, the majority of them were very fond of gold and it is expected that the central banks will continue to buy gold in the near future. The spectre of inflation is also currently haunting investors and is a central theme. If prices continue to rise, i.e. inflation continues and is not temporary, then this should have a positive effect on the gold price. Rising money supply could lead to inflationary bubbles, devalue currencies and cause global market volatility. Price downturns are, investors should remember, entry points to be exploited.
In most major economies the pandemic is under control, unless mutations throw a spanner in the works, so economic momentum is picking up again. Either way, gold and the stocks of gold companies are always a good investment that should not be missing from any portfolio. Here, for example, there is Aguila American Gold - https://www.commodity-tv.com/ondemand/companies/profil/aguila-american-gold-ltd/ with the promising Wusa gold-silver project in Oregon. This covers 150,000 hectares of land. In Mexico, Durango, Chesapeake Gold - https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ is working on its main project, Metates. This is one of the largest undeveloped gold-silver-zinc deposits in the USA.
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the companies addressed in each case and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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