Gold – The outlook for higher prices isn’t so bad

Concerns about US public finances should support the price of gold. The risk of the US slipping into a recession next year also persists. While the price of the precious metal does not always rise during a recession, it often does, as investors return to gold as a safe haven. Medium- to long-term prospects strongly favor a robust gold price. In addition to ongoing geopolitical tensions, escalating trade wars and rising US debt loom as potential issues. It is widely expected that central banks will continue to buy gold aggressively.

Recently, India, Poland, and Hungary have been notable gold buyers. It will be interesting to see when China resumes its gold purchases, as the country halted its buying spree in May. Nonetheless, price pullbacks should encourage more buying. Extremely high gold prices can deter some buyers, prompting profit-taking instead. However, countries like China aim to become more independent of foreign currency reserves—consider, for instance, the freezing of foreign currency reserves due to sanctions on Russia. It is therefore reasonable to expect China to return to gold buying. Gold in physical form and shares in gold mining companies remain strong options even now.

Calibre Mining – https://www.commodity-tv.com/play/calibre-mining-insight-on-q3-2024-figures-and-why-q4-will-be-very-strong/ – operates mines in the US and Nicaragua, positioning itself as a mid-sized gold producer and is debt-free. For the full year 2024, a promising gold production of 230,000 to 240,000 ounces is expected.

Aurania Resources – https://www.commodity-tv.com/play/mining-news-flash-with-aurania-resources-gold-royalty-miata-metals-and-sibanye-stillwater/ – focuses on copper and precious metals in South America. Its flagship project is located in the eastern foothills of the Andes in Peru and even includes visible gold.

For current corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/de/unternehmen/calibre-mining-corp/ -) and Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-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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