It should not be long before the market shows bullish interest in the precious metal again.
The support at 1,900 US dollars has held. The World Gold Council has just published its semi-annual report. Broadly, the report concludes that gold has fewer downside losses and more upside gains. This is because the global economy is seeing a near end to higher interest rates as well as the threat of a downturn. Gold prices are currently supported by a weaker dollar and fluctuating bond yields. And central banks are nearing the end of their tightening activities. Gold yields were quite positive in the first half of the year, and so it should continue. A hard landing is not off the table yet and if economic conditions worsen, more investors should jump on the gold bandwagon. The first half of the year saw a 5.4 percent gain. Gold also outperformed all other major assets except developed market equities. Thus, gold has once again shown itself to be a positive diversifier in investor portfolios.
This even notwithstanding the banking crisis in March. The World Gold Council sees upside potential for the rest of the year, although there are risks. Forecasts are for monetary policy to move from tightening to a holding pattern, with economic growth slowing. This is at least the case in the West. For China and India, however, the economy should perform well. China, at any rate, should be on economic stimulus. In previous holding patterns, which lasted between six and twelve months, the gold price at least earned a monthly return of 0.7 percent, which corresponds to an annual return of 8.4 percent. This should give pause for thought and also bring the values of gold companies increasingly back into focus.
Gold Terra Resource - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - owns the Yellowknife City Gold Project in the Northwest Territories in the Yellowknife Greenstone Belt. It is one of the six largest high-grade gold camps in Canada, has already achieved very good drill results and is well positioned in terms of infrastructure.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - has a large block of Gold Royalty shares in its portfolio, in addition to prospective gold and gold-copper projects in North and South America.
Latest corporate information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/ -) GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-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/
The support at 1,900 US dollars has held. The World Gold Council has just published its semi-annual report. Broadly, the report concludes that gold has fewer downside losses and more upside gains. This is because the global economy is seeing a near end to higher interest rates as well as the threat of a downturn. Gold prices are currently supported by a weaker dollar and fluctuating bond yields. And central banks are nearing the end of their tightening activities. Gold yields were quite positive in the first half of the year, and so it should continue. A hard landing is not off the table yet and if economic conditions worsen, more investors should jump on the gold bandwagon. The first half of the year saw a 5.4 percent gain. Gold also outperformed all other major assets except developed market equities. Thus, gold has once again shown itself to be a positive diversifier in investor portfolios.
This even notwithstanding the banking crisis in March. The World Gold Council sees upside potential for the rest of the year, although there are risks. Forecasts are for monetary policy to move from tightening to a holding pattern, with economic growth slowing. This is at least the case in the West. For China and India, however, the economy should perform well. China, at any rate, should be on economic stimulus. In previous holding patterns, which lasted between six and twelve months, the gold price at least earned a monthly return of 0.7 percent, which corresponds to an annual return of 8.4 percent. This should give pause for thought and also bring the values of gold companies increasingly back into focus.
Gold Terra Resource - https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ - owns the Yellowknife City Gold Project in the Northwest Territories in the Yellowknife Greenstone Belt. It is one of the six largest high-grade gold camps in Canada, has already achieved very good drill results and is well positioned in terms of infrastructure.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - has a large block of Gold Royalty shares in its portfolio, in addition to prospective gold and gold-copper projects in North and South America.
Latest corporate information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/ -) GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-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/
