Gold price continues on its upward course

Gold is traded in US dollars and a weaker dollar makes the precious metal cheaper for investors from other currency areas. Gold is seen as an insurance policy and the various uncertainties, such as sovereign debt, the Middle East and the upcoming US presidential election, are doing the rest. As a result, gold exports from Switzerland to the UK, the USA and India have also risen. Demand for gold is increasing in India in particular. Presumably because the import tax was lowered, and the monsoon was also good.

Gold ETFs listed in the USA and the UK have also increased. On the subject of gold and China, it should be noted that the Chinese government recently issued new gold import quotas after a two-month break. Gold also still has the status of a safe haven. The extent to which people bet on gold in times of crisis was seen, for example, when Russia invaded Ukraine. A similar trend was observed when war broke out in the Middle East. As a means of preserving value, many developing countries rely on gold, which has already proven itself as a hedge against currency devaluation. Investors receive diversification directly from royalty companies.

Gold Royalty – https://www.commodity-tv.com/ondemand/companies/profil/gold-royalty-corp/ – is active in North and South America. The annual forecast of USD 13 to 14 million in total revenue is likely to be achieved.

Osisko Gold Royalties – https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ – focuses on gold and copper. The extensive portfolio is focused on North America.

Current corporate information and press releases from Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-ltd/ -) and Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-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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