China is using Shanghai futures to withdraw gold from the West. This is intended to protect against further US economic sanctions.
The US Federal Reserve is currently the only major trader selling gold short. Analysts expect further upward movements in the price of gold and silver. An interest rate cut in the US is currently expected as early as September. Fed Chairman Jerome Powell recently made only fairly neutral statements. According to Powell, high inflation is not the only risk to the economy. The fact that core consumer inflation has now risen more slowly than at any time since 2021 speaks in favor of a rate cut in September. Inflationary pressure is therefore decreasing. The labor market has also peaked. The Fed must therefore act, even if inflation remains above the two percent target.
Today, dollar diversification has increased, and more and more central banks are left to their own devices. Global gold reserves continue to grow, even if central bank gold purchases have slowed somewhat since the record purchases at the beginning of the year. Commodity analysts at Citi, for example, expect central bank gold purchases to set a new record for the third time in a row, i.e. more than 1,000 tons of gold. It should therefore only be a matter of time before the price of gold reaches 3,000 US dollars per troy ounce.
The turnaround in the Fed's interest rate policy has been expected since November 2022 and is now just around the corner. And since private investors have not yet shown much interest in gold, but this could soon change, the signs are good for higher gold prices. Higher prices are particularly good for gold companies. Osisko Development and Revival Gold are well positioned.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - is developing gold projects in Canada, the USA and Mexico. The focus is particularly on early producing projects. The aim is to become a medium-sized gold producer.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - has the largest formerly producing gold mine in Idaho and exploration work is underway. The company is also working on the Mercur gold project in Utah.
Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-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/
The US Federal Reserve is currently the only major trader selling gold short. Analysts expect further upward movements in the price of gold and silver. An interest rate cut in the US is currently expected as early as September. Fed Chairman Jerome Powell recently made only fairly neutral statements. According to Powell, high inflation is not the only risk to the economy. The fact that core consumer inflation has now risen more slowly than at any time since 2021 speaks in favor of a rate cut in September. Inflationary pressure is therefore decreasing. The labor market has also peaked. The Fed must therefore act, even if inflation remains above the two percent target.
Today, dollar diversification has increased, and more and more central banks are left to their own devices. Global gold reserves continue to grow, even if central bank gold purchases have slowed somewhat since the record purchases at the beginning of the year. Commodity analysts at Citi, for example, expect central bank gold purchases to set a new record for the third time in a row, i.e. more than 1,000 tons of gold. It should therefore only be a matter of time before the price of gold reaches 3,000 US dollars per troy ounce.
The turnaround in the Fed's interest rate policy has been expected since November 2022 and is now just around the corner. And since private investors have not yet shown much interest in gold, but this could soon change, the signs are good for higher gold prices. Higher prices are particularly good for gold companies. Osisko Development and Revival Gold are well positioned.
Osisko Development - https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ - is developing gold projects in Canada, the USA and Mexico. The focus is particularly on early producing projects. The aim is to become a medium-sized gold producer.
Revival Gold - https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ - has the largest formerly producing gold mine in Idaho and exploration work is underway. The company is also working on the Mercur gold project in Utah.
Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-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/
