Gold price on the way up

The latest data showing that U.S. inflation is falling was certainly involved. Because this fuels expectations that the Fed will scale back the aggressive rate hikes. From a chart perspective, the outlook for the gold price also looks good. The last 52-week low was US$1,618 per troy ounce in September. Since then, the gold price has risen nicely. The uptrend is already in its twelfth week. Now it is a matter of defending the 1,900 mark. Then the next target, the 2,000 U.S. dollars per ounce, could not be far away. Looking at the charts since 2001, a long-term upward trend can be seen. If the trend continues like this, then according to some analysts, a gold price between 3,300 and 4,300 U.S. dollars per ounce is possible for 2030. Whatever the future brings, if more positive signs and figures accumulate, gold should remain lucrative.

Gold may even be the best choice for investors, as high debt, inflation, a weakening U.S. dollar, low real interest rates and a volatile economic outlook should strengthen the yellow metal’s appeal. Russian citizens, for example, want to get their savings into the dry. The figures show that. They bought around 1.8 million troy ounces in 2022. In contrast, only 193,000 ounces crossed the counter the year before. Gold promises to protect wealth. Investing in the values of gold companies makes just as much sense, albeit riskier, but with leverage on the gold price.

There’s Karora Resources – https://www.youtube.com/watch?v=peKlCBAqj44&t=44s -, for example, with its Beta Hunt gold mines and Higginsville Gold Operations in Western Australia. The full year 2022 brought consolidated gold production of almost 134,000 ounces.

Victoria Gold – https://www.youtube.com/watch?v=7_HDGlQedcQ&t=1868s – was able to get about 150,000 ounces of gold from its Eagle Gold Mine, located in the Yukon, last year.

Current corporate information and press releases from Karora Resources (- https://www.resource-capital.ch/en/companies/karora-resources-inc/ -) and Victoria Gold (- https://www.resource-capital.ch/en/companies/victoria-gold-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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