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Gold price seasonality leveraged out


From a seasonal perspective, April is not a good month for gold price performance. This time it may be different.

Already in March, the price of the precious metal went differently than the seasonality usually dictates. The price increase in March was the highest in this month since 2004. In April 2020, the price went up sharply, this was due to the pandemic. Currently, the gold experts are very positive. Swiss Asia Capital, for example, sees the price of gold possibly rising to $4,000 per ounce this year. The reasons given are a slight recession in many countries in the following months and a resulting slowdown in interest rate increases. This in turn is positive for the gold price, lets gold gain in attractiveness. After all, gold has been able to deliver positive returns in five of the last seven recessions, according to the World Gold Council. Declining economic growth and lower inflation will further weaken the U.S. dollar, so again a positive for the precious metal.

In addition, possible geopolitical crises will drive investors into the safe haven of gold, because protection and hedging are in demand. Even if the gold sector suffers losses in the short term, this will not be able to cloud the long-term outlook. For chart technicians, a good support level lies at around 1,900 U.S. dollars. The 2,000 US dollar mark for an ounce of gold has currently been cracked, at least in the short term. Hopefully, there should also be a few gold stocks in the portfolio, for example from Trillium Gold Mines or OceanaGold.

Trillium Gold Mines – https://www.commodity-tv.com/play/mining-newsflash-with-tudor-gold-vizsla-silver-and-trillium-gold-mines/ – will merge with Pacton Gold. This will bring 15 projects in the Red Lake mining district in Ontario under one roof. Both companies will benefit from cost savings, among other things.

OceanaGold – https://www.commodity-tv.com/play/oceanagold-reducing-debt-significantly-and-lowering-costs-through-production-increase-in-the-future/ – is already producing. The projects are located in the USA, New Zealand and the Philippines.

Current corporate information and press releases from Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -) and OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-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/

Posted by on 6. April 2023. 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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