Enthusiasm for gold should rise again

Bond yields are still rising and enthusiasm for gold seems to have suffered. In addition, the Fed has referred to a restrictive monetary policy in the near future. But now the gold price has received new momentum, caused by the surprise attack of Hamas on Israel. This latest geopolitical event is driving investors back more into gold as a safe haven. The central banks could also not be left cold by this Middle East conflict. Already, voices are being raised that believe a price-driving influence on the energy sector is possible. Above all, if the USA and Iran are influenced by the new war. That would probably also drive inflation up again, so another argument for gold investments.

Whether the price increase in gold that has now been caused will be sustainable remains to be seen. Many currently assume a possibly significantly volatile price movement in gold. In the long run, however, investors have always done everything right with gold, as the price development of the precious metal over time shows. What should also play into the hands of the gold price is the trend that the role of the U.S. dollar as the world’s reserve currency is crumbling. Debts and deficits are multiplying in the USA. Energy and food prices are still high. At the same time, there is still no secure supply of energy and food worldwide.

So, there is a lot going wrong, which increases the attractiveness of gold as a safe haven. Gold companies in particular benefit from rising gold prices. Among the solid gold companies are Revival Gold and Skeena Resources.

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

Skeena Resources – https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ – is reviving two prospective gold projects in British Columbia’s Golden Triangle.

Current corporate information and press releases from Skeena Resources (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -).

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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