Where the gold price could be at the end of 2021
However, these experts see the need for a general loss of risk in order for the gold price to move substantially higher. Because then defensive inflation hedges like gold would be in demand. Otherwise, only one German bank has revised its gold price forecasts for the end of the year downwards. The experts at Commerzbank see a gold price of 1,900 US dollars per troy ounce for the end of 2021. That the decisive mark of 2,000 US dollars per ounce of gold will be reached, however, is only postponed to the year 2022. In the long term, Commerzbank is positive about the precious metal.
As a reason, Commerzbank states that an important hurdle for gold will fall when the US Federal Reserve starts to reduce its bond purchases. If the inflation rate in the US then falls, the gold price could rise very significantly, as fears of stronger interest rate hikes should then diminish. Other reasons for the positive view on the future price of gold are seen in a return to stronger investment demand. After all, investors have been pulling a lot of gold out of physically backed ETFs since last summer. Demand for gold bars and coins, it should also be noted, is up sharply in the US and Germany in the first half of 2021, according to the World Gold Council. In North America, this is roughly a doubling compared to the first half of 2020.
To gain leverage on the gold price, an investment in gold companies like Torq Resources or Aguila American Gold could help.
Torq Resources - https://www.youtube.com/watch?v=77_09R87uDg -, led by a particularly experienced team, has in its portfolio the Margarita project (copper, gold) in Chile and the Andrea copper project, for which there is an option to participate.
Aguila American Gold - https://www.youtube.com/watch?v=UXv0BlRqAXU - owns the Wusa gold-silver project in Oregon. The company has secured mineral rights to approximately 70,000 hectares in the Western Cascade Ranges.
Current corporate information and press releases from Torq Resources (www.resource-capital.ch/en/companies/torq-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.
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