Gold fans will be delighted, as the upward trend in gold seems to be stabilizing.
It is only a matter of time before the Fed cuts interest rates. Possible short-term price setbacks should therefore not be a cause for concern. Some analysts expect up to five interest rate cuts in 2024. The only question is when it will start. In any case, the way will then be paved for higher gold prices. Yields on ten-year US government bonds are expected to fall in the new year, as is a weaker US dollar. These are all factors that should have a favorable effect on the gold price. Although ETF holdings have not yet really reacted to the new gold price trend, the gold price has shown itself to be strong in recent times. Speculation on rising gold prices has certainly increased. Retail demand from India and China was also robust in 2023 and this should continue with the expected economic growth in these two countries.
Although inflation has eased, the target of two percent has not yet been reached. Two wars are weighing on the global economy, as is the immense national debt in the USA, for example. Whether a soft landing is still possible seems very questionable. Analysts at JP Morgan, for example, expect the price of gold to reach a record high of USD 2,300 per troy ounce in 2024. Gold has already outperformed most other commodities and bonds in 2023. And the upward trend is generally expected to continue. Gold companies will also benefit from this. Among the gold companies, Karora Resources and Fury Gold Mines are two examples.
Karora Resources - https://www.commodity-tv.com/ondemand/companies/profil/karora-resources-inc/ - is one of the successful gold producers. The gold mines in Western Australia are expected to produce 170,000 to 195,000 ounces of gold annually.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - is active in Quebec and Nunavut, is well financed and owns a gold platform with several million ounces.
Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Karora Resources (- https://www.resource-capital.ch/en/companies/karora-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/
It is only a matter of time before the Fed cuts interest rates. Possible short-term price setbacks should therefore not be a cause for concern. Some analysts expect up to five interest rate cuts in 2024. The only question is when it will start. In any case, the way will then be paved for higher gold prices. Yields on ten-year US government bonds are expected to fall in the new year, as is a weaker US dollar. These are all factors that should have a favorable effect on the gold price. Although ETF holdings have not yet really reacted to the new gold price trend, the gold price has shown itself to be strong in recent times. Speculation on rising gold prices has certainly increased. Retail demand from India and China was also robust in 2023 and this should continue with the expected economic growth in these two countries.
Although inflation has eased, the target of two percent has not yet been reached. Two wars are weighing on the global economy, as is the immense national debt in the USA, for example. Whether a soft landing is still possible seems very questionable. Analysts at JP Morgan, for example, expect the price of gold to reach a record high of USD 2,300 per troy ounce in 2024. Gold has already outperformed most other commodities and bonds in 2023. And the upward trend is generally expected to continue. Gold companies will also benefit from this. Among the gold companies, Karora Resources and Fury Gold Mines are two examples.
Karora Resources - https://www.commodity-tv.com/ondemand/companies/profil/karora-resources-inc/ - is one of the successful gold producers. The gold mines in Western Australia are expected to produce 170,000 to 195,000 ounces of gold annually.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - is active in Quebec and Nunavut, is well financed and owns a gold platform with several million ounces.
Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Karora Resources (- https://www.resource-capital.ch/en/companies/karora-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/
