Actually nothing new – gold price at new record high

Gold producers are happy about the rising margins associated with the soaring gold price. Investments in the mining sector are likely to increase, particularly in North America. On the other hand, gold as an investment has certainly become firmly anchored in the minds of many new investors due to the price trend. If there are downward price corrections, investors should take advantage of the opportunities to enter the market. The first quarter of 2024 was the strongest since 2017 in terms of demand for gold bars and coins in China. The currency and real estate market in China are still unstable, meaning that demand for gold is expected to remain stable. The signs are also good for strong demand for gold in India, as the monsoon was favorable, which is always important, and India’s economy is growing solidly. According to forecasts, the Indian economy is set to grow by more than six percent annually.

There are numerous reasons to buy gold. Examples include the presidential elections in the USA or the expectation of a cycle of interest rate cuts in the USA. Analysts at Commerzbank, for example, expect three interest rate cuts this year and three more in the first half of 2025. They forecast a gold price of USD 2,600 by mid-2025. Investors should focus not only on physical gold, but also on the shares of gold mining companies. Tudor Gold and Fury Gold Mines are among them.

Tudor Gold’s – https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ – Treaty Creek project is a prospective gold and copper property in British Columbia. Recent drilling has returned up to almost 14 grams of gold equivalent per ton of rock.

Fury Gold Mines – https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ – has projects in Nunavut and Quebec. The Eau Claire project in Quebec has seen a pleasing increase in resources.

Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-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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