Good start for gold in the new year

From a historical perspective, mid-July to early December is the best time for the gold price. However, many factors are currently influencing the price of the precious metal. There is an 85% probability that the Fed will cut interest rates as early as March. The gold price should then start to rise. When the desired inflation rate of two percent will be achieved is also still written in the stars. In the eurozone and also in Germany, it has recently risen again.

The ongoing piracy crisis in the Red Sea could also have an impact. There are already warnings of supply chain problems. Many container ships are now taking the long journey around the African Cape of Good Hope and avoiding the Red Sea and the Suez Canal. This doubling of the route naturally costs more money. Short-term capacities are dwindling, and spot freight rates have become more expensive.

2024 will also show whether the US can avoid a recession. If not, this is likely to drive many investors into gold investments. Gold ETF´s are gradually becoming more popular again. If this increases and the central banks also massively increase their gold reserves this year, as expected, then the future should be bright for gold investors.

And if interest rates fall, this will also weaken the US dollar, which in turn is good for gold. Many gold mining stocks are still cheap. If the price of gold continues to rise, the number of interested parties should increase. So it’s time to take a look at gold companies such as Revival Gold or Skeena Resources.

Skeena Resources – https://www.commodity-tv.com/ondemand/companies/profil/skeena-resources-ltd/ – is working to revitalize two gold properties in British Columbia’s Golden Triangle. These are the Eskay Creek and Snip projects.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – owns the Beartrack-Arnett gold property in Idaho. It was the largest previously producing gold mine there.

Current company 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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