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Inflationary pressure remains high – gold price slowed down, for the time being!


The inflation target of two percent is still a long way off. Gold prices reach new lows.

The Fed is still sticking to its restrictive stance, and a new interest rate hike is possible. Investors are deterred by this. The Fed\-s tightening of monetary policy is now an enemy of the gold price. In addition, the Fed refers to the uncertain economic outlook. But this should not deter investors. After all, the central bank also seems to assume that there is no longer any threat of recession this year. The next two years should then show growth, albeit low. 2022 brought the inflation wave, key interest rate increases and stocks and bonds suffered. Gold, on the other hand, reached new highs in very many currencies. In the current year, the price of the precious metal exceeded the US$2,000 mark in the spring. Even if the price is currently no cause for celebration, gold is the ultimate store of value and has been for centuries.

This is especially true in times of crisis. And these are given, the Ukraine war continues and there is still a crisis between the USA and China. If the inflation rate remains high for a longer period of time and a negative real interest rate continues to affect the assets, gold should experience an upswing in price again. Even if food and energy become cheaper, the energy transition is expensive, as is deglobalization. Central banks should also act as price drivers again, similar to last year. For some gold companies, the uncertainties and increased energy costs had a negative impact. But if the gold price picks up, they will be particularly in the focus of the investment community. OceanaGold or Revival Gold are recommended.

OceanaGold – https://www.commodity-tv.com/ondemand/companies/profil/oceanagold-corp/ – is a successful gold producer with mines in New Zealand, the Philippines and the United States. The company produced a good 130,000 ounces of gold and 3,400 tons of copper in the second quarter of 2023.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – handles exploration and development of the Beartrack-Arnett property in Idaho. This is the largest formerly producing property in Idaho.

Current corporate information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-corp/ -).

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

Disclaimer: The information provided does not constitute any kind 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 give to consider that shares and in particular warrant investments are connected in principle 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 21. August 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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