The end of the year, the "Santa rally", could lead to higher prices.

The end of interest rate hikes should come in 2024, with declining bond yields and a weaker US dollar. For gold and mining shares, this could be the starting signal for rising prices. In recent years, the prices of gold and silver have also risen in the last month of the year. The markets are increasingly focusing on upcoming interest rate cuts. This is also supported by the latest economic data from the USA. The turnaround is therefore approaching, even if the heads of the central banks are reluctant and cautious. And government bond yields have already fallen and the US dollar index has reached a three-month low. Equities, on the other hand, are trending upwards.

This development will increasingly boost gold. Analysts continue to disagree as to whether the USA is facing a hard or soft landing. It remains to be seen whether the US economy is close to a downturn. This will also influence the gold price. In any case, rising labour and material costs and deglobalization are factors that are not conducive to economic development. Some experts see the price of gold at around USD 2,500 per troy ounce in a few months’ time. And if the gold-hungry central banks are joined by hedge funds, which have so far neglected gold, then the price of the precious metal can only go up. Because then more private investors are likely to jump on the gold bandwagon. Investors who are flirting with gold companies should take a look at Victoria Gold or Gold Terra Resource.

Victoria Gold – https://www.commodity-tv.com/ondemand/companies/profil/victoria-gold-corp/ – produces at its Dublin Gulch gold property in the Yukon. More than 41,000 ounces of gold were produced in the third quarter of 2023.

Gold Terra Resource – https://www.commodity-tv.com/ondemand/companies/profil/gold-terra-resource-corp/ – owns the Yellowknife gold project in the Northwest Territories, which covers around 920 square kilometers. Drilling is proceeding successfully.

Current company information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-corp/ -) and Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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/