Gold rises in price, gold mines too

When assets fall, the price of gold usually rises. Currently, the safe haven effect is making itself felt. The gold price usually falls when the US dollar rises. With gold being targeted by many as a safe haven, this "gold wisdom" no longer applies. The U.S. dollar has stagnated since the beginning of February and gold has become significantly more expensive. At the same time, the price of the precious metal is rising due to global inflation. If the Fed now raises interest rates, it is worth taking a look at interest rate hike cycles in the past. Because there, the gold price usually recovered after the first interest rate hike. This means that gold can shine despite interest rate hikes by the Fed. Goldman Sachs, for example, sees a gold price of around US$2,150 per troy ounce by the end of the year. Austin Pickle, an analyst at Wells Fargo, then sees the gold price at 2,000 to 2,100 U.S. dollars per ounce.

In the last twelve months, the price of the precious metal has gone up by around 18 percent. The fact that March is normally the worst month for gold from a seasonal point of view should not apply this time in view of current events. There was a strong price increase in a March in the year 2004. At that time attacks in Madrid shook, it died nearly 200 people, there were further attack threats also in Germany. Now the stock markets are just falling, and bond yields have gone down. All of this increases the attractiveness of gold, and therefore the attractiveness of gold companies, such as CanaGold and Gold Terra Resource.

CanaGold – https://www.youtube.com/watch?v=TaysPXKFBiI – owns the promising New Polaris gold project in British Columbia, which is convincing with very good drill results. Other projects are in Nevada and Canada.

Gold Terra Resource – https://www.youtube.com/watch?v=nMVbyxX92_U – controls one of the largest gold deposits in Canada. It is responsible for the Yellowknife City project in the Northwest Territories, which covers around 800 square kilometers.

Latest corporate information and press releases from Gold Terra Resource (- https://www.resource-capital.ch/en/companies/gold-terra-resource-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.

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