April is a good month for gold

Twice in a row, April brought a plus in the gold price.

In February and March 2022, the gold price was able to post a plus for itself. Now we can look forward to what April will bring. If we compare the end of March 2021 and the end of March 2022, the price of the precious metal has risen by a good 21 percent. From a statistical point of view, April only ranks eighth out of the twelve months. For physical gold, demand was huge in March 2022, caused by the desire for safe havens and by the high inflation rate. For the U.S. Mint, it was the best March since 1999, with just over 155,500 ounces of various denominations of American Eagle gold bullion coins crossing the counter in March, up 73 percent from February. The first quarter of 2022 was also the best in 23 years for the U.S. Mint.

The reason is clear, it is the Ukraine war and inflation that are fueling demand. Rising consumer prices suggest that the high inflation rate in Europe is not just a temporary factor but could even get worse. And there is a risk that oil, gas and coal exports from Russia could grind to a halt. The consequences would be striking, with unemployment expected to rise sharply and major problems in various industries. Investors are therefore looking for protection for the purchasing power of their assets. Thus, in the current environment of increasing geopolitical uncertainties, strong demand for gold as a means of preserving value is not surprising. This includes the values of gold companies, which an investor should not ignore.

Chesapeake Gold – https://www.youtube.com/watch?v=ZQHD1y5fPuk – would come into question, with gold and silver deposits in North and South America. The flagship project is the Metates project, which has already brought successful drilling.

Fury Gold Mines – https://www.youtube.com/watch?v=R8_e53ggZfo – also has very good projects, this in British Columbia and Quebec.

Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).

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