Some major banks and investment houses have recently raised their gold price forecasts. UBS believes that 3,200 US dollars per troy ounce of gold is possible by the end of the year. The experts at J.P. Morgan are also bullish for gold. Goldman Sachs has raised its forecast for the current year from USD 3,000 to USD 3,300. Goldman Sachs also considers gold to be the best commodity investment. What could harm the gold price rally would be if the US Federal Reserve were to refrain from cutting interest rates. But only time will tell; at present, the increased uncertainties are fodder for the gold price rally. And so, Bank of America recommends buying gold if the price should go down. Investors should also look at gold companies, which naturally benefit from the high gold price. These include Revival Gold and Chesapeake Gold.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – is pleased with the convincing results of a preliminary economic assessment for its Mercur gold project in Utah, USA. A relatively short-term start of production is a further plus. Exploration efforts are underway at the Beartrack-Arnett gold project.

With the Metates project in the Mexican state of Durango, Chesapeake Gold – https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ – owns one of the largest undeveloped gold-silver deposits in America. In addition, there is the Talapoosa project (gold and silver) in Nevada and the Lucy project in Mexico.

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.

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