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US Federal Reserve pushes gold price

Gold fans rejoice because of the current Fed decision, because the way for the gold price could be paved

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Although just the U.S. dollar quoted firmer and the yields of U.S. bonds have risen, this could not shake the strength of the gold price. As the Fed announced, it expects the key interest rate to remain close to zero until 2023. The Fed also expects inflation to rise significantly, to around 2.4 percent in the USA.

For the gold price, this should mark the way up. Even if bond yields (ten-year, U.S.) are around 1.7 percent, the real interest rate will still be negative given the expected inflation. Especially if inflation increases even more significantly in the coming months. A new all-time high for gold would therefore not come as a surprise.

If the gold price rises, the values of the gold companies usually rise as well. Currently, this could already be seen in the heavyweights of the industry, Barrick Gold and Newmont, as well as in the largest gold-backed ETF, the SPDR Gold Trust. So, the Fed announcement and the recently announced $1.9 trillion fiscal package are positives for the gold price.

Enormous government and corporate funding by central banks in the wake of the Corona crisis has led many analysts to raise their gold price forecasts. And given the Fed decision now, it should be worthwhile to stay invested in gold stocks or to invest now.
Bluestone Resources or Tudor Gold would be possibilities here. 

Bluestone Resources - https://www.youtube.com/watch?v=nK5ModCMN6k - can expect peak production of 334,000 ounces of gold per year at its Cerro Blanco project in Guatemala, according to a new preliminary economic assessment. At the same time, production costs are low.

Tudor Gold controls four properties (just over 35,000 hectares) in the Golden Triangle in British Columbia. The flagship project is the Treaty Creek project, which is one of the world's largest gold discoveries of the last three decades.

Current corporate information and press releases from Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
 
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/ 

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