The gold market is currently hectic, something is happening. However, a new all-time high has not yet been reached.
The gold price has already reached a new 13-month high of over USD 2,050. It is still largely assumed that the Fed will raise interest rates by a further 25 basis points in May. Just now there was some profit-taking in the precious metal. But the new all-time high of more than 2,075 U.S. dollars per ounce is no longer far away. In addition to the Fed decisions, the inflation figures are in focus. Consumer prices show a downward trend, but there is also not so good news from economic activity. Energy and food costs in the U.S. are unchanged at 5.6 percent. The fact that higher inflation is stubbornly persisting is also seen by the Fed. And it is this that is likely to prompt the Fed to raise interest rates again, which is not so conducive to the gold price.
After May, however, there should be interest rate cuts by the Fed, at least according to general market opinion. Then the way is paved for the gold price to go up in any case. Perhaps the Fed will also listen to the warning of the International Monetary Fund, which warns of a recession if interest rates remain high for much longer. The U.S. dollar, always also important for the price development of the precious metal, is still in a downward trend - positive for gold. In any case, gold is still floating on the wave of a positive upward trend and gold fans should own shares in gold companies in addition to physical gold. To get diversification right away, one could think of investing in royalty companies like Osisko Gold Royalties or Gold Royalty.
At Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ -, revenues and cash flow are increasing. The company owes this to 216 royalties in North, Central and South America.
More than 180 royalty and precious metal off-takes are held by Osisko Gold Royalties - https://www.commodity-tv.com/play/zuri-invest-night-mining-panel-with-agnico-eagle-and-osisko-gold-royalties/ - in North America.
Current corporate information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and Osisko Gold Royalties https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/).
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 gold price has already reached a new 13-month high of over USD 2,050. It is still largely assumed that the Fed will raise interest rates by a further 25 basis points in May. Just now there was some profit-taking in the precious metal. But the new all-time high of more than 2,075 U.S. dollars per ounce is no longer far away. In addition to the Fed decisions, the inflation figures are in focus. Consumer prices show a downward trend, but there is also not so good news from economic activity. Energy and food costs in the U.S. are unchanged at 5.6 percent. The fact that higher inflation is stubbornly persisting is also seen by the Fed. And it is this that is likely to prompt the Fed to raise interest rates again, which is not so conducive to the gold price.
After May, however, there should be interest rate cuts by the Fed, at least according to general market opinion. Then the way is paved for the gold price to go up in any case. Perhaps the Fed will also listen to the warning of the International Monetary Fund, which warns of a recession if interest rates remain high for much longer. The U.S. dollar, always also important for the price development of the precious metal, is still in a downward trend - positive for gold. In any case, gold is still floating on the wave of a positive upward trend and gold fans should own shares in gold companies in addition to physical gold. To get diversification right away, one could think of investing in royalty companies like Osisko Gold Royalties or Gold Royalty.
At Gold Royalty - https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ -, revenues and cash flow are increasing. The company owes this to 216 royalties in North, Central and South America.
More than 180 royalty and precious metal off-takes are held by Osisko Gold Royalties - https://www.commodity-tv.com/play/zuri-invest-night-mining-panel-with-agnico-eagle-and-osisko-gold-royalties/ - in North America.
Current corporate information and press releases from Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-corp/ -) and Osisko Gold Royalties https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/).
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/
