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What about the seasonality of the price of gold





 

There are usually two phases in the year when the price of gold changes. This year there are other factors at work.

Normally, the price of the precious metal increases from about the beginning of July to mid-January. The main factor responsible for this is the purchase of the jewelry industry. The seasonality of the gold price is characterized by two phases. The rise from the beginning of July to mid-January is striking. October and November, there is usually a sideways movement. Among the best gold months of the year, September ranks sixth. In the last five years, the price of gold has been down in September every time. If an ounce of gold cost 1,534 euros a year ago, today it is a good 18 percent more. With an inflation rate of a good nine percent in Euroland, this is a good result.

We are also in a U.S. midterm election year, with the price of gold typically moving as well. The midterm elections are the elections to the U.S. Congress, the legislative branch of the United States. And they always take place between two presidential elections. Whether the price of gold will move this year, after the pandemic, inflation and Russia\-s invasion of Ukraine, as it usually does in midterm election years, opinions are divided. In any case, a midterm election year in the four-year presidential cycle is one of the best parts.

There was a big gain in the gold price in the fall of 2012. It was the year of the euro crisis. Rescue measures later caused the gold price to fall back to around 860 euros per troy ounce by the end of 2013. The bankruptcy of the U.S. investment bank Lehman Brothers also occurred in the fall. The price of the precious metal gained more than ten percent in September 2008. Over the years, gold has held up well in terms of price, better than other investment opportunities. Therefore, gold companies should not be forgotten, for example, Fury Gold Mines or GCM Mining.

Fury Gold Mines – https://www.youtube.com/watch?v=4gs67UsMxvA – operates in three very good mining regions, Quebec, British Columbia and Nunavut.

GCM Mining – https://www.youtube.com/watch?v=F_nfBdS8N08&t=134s – is producing successfully on its properties in Colombia. Another gold-copper project is scheduled to start production in 2024.

Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/fury-gold-mines-ltd/ -) and GCM Mining (- https://www.resource-capital.ch/de/unternehmen/gcm-mining-corp/ -).

In accordance with §34 WpHG (German Securities Trading Act), I point out that partners, authors and employees may hold shares of the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into German. Only the English version of this news is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are generally 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 a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 – 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/de/disclaimer-agb/.





Posted by on 12. September 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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