Gold and copper – a good combination

Nobody wants banking crises anymore. After all, three banks have been hit within a few days in the USA. There is already talk of an end to interest rate hikes. The gold price has risen above the resistance of 1,848 U.S. dollars per troy ounce and has thus generated a buy signal. The downward movement from February should thus be off the table, but increased volatility is to be expected. If the price of the precious metal rises above 1,900 U.S. dollars per ounce, then it could be a new uptrend. After all, the health of the banking sector is difficult, and it is still uncertain whether more U.S. banks will not follow. Gold as a crisis-proof investment should therefore continue to gain in attractiveness. This would be positive for companies with gold in their projects, such as GoldMining or Torq Resources.

GoldMining – https://www.commodity-tv.com/play/goldmining-ceo-insight-on-ipo-of-u-s-goldmining-with-the-whistler-project/ – is developing gold and gold-copper projects in North and South America. And the subsidiary U.S. GoldMining is currently planning its IPO and developing the Whistler gold-copper project in Alaska.

Torq Resources – https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ – has excellent holdings in Chile in the copper and gold sectors.

These two companies own not only gold, but also copper. Here, the view of China plays an important role. Because a recovery in demand should come after the long and severe period of restrictions. Copper demand has not yet really taken off. However, experts expect demand for the reddish metal to increase in April at the latest. Perhaps a New Year effect is still playing a role, delaying the recovery of copper demand. In any case, the mood among Chinese companies has already improved in January and February.

Current corporate information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).

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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