Worries drive gold price

Concerns about the banking system and real estate markets have played into the hands of the gold price in recent weeks.

Institutional investors could now increasingly enter the gold market. When confidence in the financial markets wanes, investors’ aspirations usually turn more to gold. In addition, expectations of a recession increase, and this usually fuels the price of gold. Thus, the number of people who decide to invest in gold for the first time also increases. The markets seem to be betting on a pause in further interest rate hikes, this weakens the US dollar, which is good for the price of gold. A new record in the price of the precious metal is close. In silver, there is still a long way to go to the old all-time high of $48 in 2011. But supply is low and demand from various sectors is high. Regardless of whether increasing de-dollarization or low interest rates have an effect, if the U.S. dollar continues to weaken, then this is a plus for gold and also silver.

Currently, the CME Fedwatch tool forecasts an 87.4 percent probability of a 25 basis point rate hike. Should the gold price show volatility after Jerome Powell’s next statements, then this should be understood as a buying opportunity. After all, the market has already priced in 75 basis points of interest rate cuts by the end of the year. The gold purchases by central banks should not be forgotten, so that forecasts for the gold and silver prices are now being raised by some market participants. There, for example, a 12-month target for gold to 2,500 and for silver to 32 US dollars is pronounced. In any case, companies with gold and perhaps silver in their projects are a non-negligible option for investors. That’s where Tier One Silver and Vizsla Silver come to mind.

Tier One Silverhttps://www.commodity-tv.com/play/tier-one-silver-further-exploration-at-hurricane-and-curibaya-in-2023/ – owns several projects in Peru, including the prospective Curibaya project. Gold, silver and base metals are the focus.

Vizsla Silverhttps://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – has the Panuco silver-gold project in Mexico. Production has already taken place here in the past. The infrastructure is excellent.

Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -) and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-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/

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