Taiwan relies on gold reserves

The USA, Germany and Italy hold the most gold. If you look at the seasonal development of the gold price, August is a favorable month. This was also the case this time, as bond yields were rather weak, as was the US dollar, which usually always favors the gold price. Factors influencing the strength of the gold price in August included developments in the US presidential election campaign. The policies of both the Republicans and the Democrats are generally seen as positive for the gold price. Government debt and deficits will continue to cause nervousness among investors.

In addition, gold purchases from India have picked up again, so the gold price should be well supported. Economic data from the US has been fairly mixed in recent weeks, with rather weak data in August. This should therefore also result in uncertainty – positive for gold. In any case, an investment in gold and gold stocks should be part of a well-positioned portfolio. Stocks such as Aurania Resources or Fury Gold Mines could be considered.

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

Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ – focuses on copper and precious metals in South America. The flagship project is located in the Andes in Peru and visible gold was recently discovered.

Latest corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -) and Fury Gold Mines (- https://www.resource-capital.ch/de/unternehmen/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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