Commodity hunger

Although US yields have recovered, gold recently reached a new record high of $2,450 per ounce. Normally, higher US yields increase the opportunity cost of gold investments. However, there are still concerns due to the immense debt burden of the USA. And not many believe that inflation will soon fall to the desired two percent mark. Geopolitical tensions on Earth are not decreasing, and gold is a crisis metal for many, providing security. Even the death of the Iranian president does not exactly represent security.

The next target for the price of gold should be reaching $2,500 per ounce. The silver price also brings joy. The gold-silver ratio is as low as it has been since January 2022. Compared to gold, silver has gained more than 20 percent. The gold-silver ratio has fluctuated between 60 and 80 for a long time. Since 2021, it has been above that range, but now it is back in this range, at around 75. The long-term historical average is, by the way, 68.

Copper is also in focus at the moment. Copper futures recently reached a new record. No wonder, the demand for copper is growing and growing, while the supply is developing very slowly. The reddish metal has already increased in price by about 20 percent this year. Without copper, there is no energy transition. And so the copper supply is getting smaller and smaller. Environmental regulations, high costs, and declining ore grades are responsible. Experts expect the copper price rally to continue.

Meridian Mining is likely to benefit from this. The company’s flagship project, Cabaçal in Brazil, is an open-pit project with a promising copper-gold-silver VMS occurrence.

Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ – can rejoice over gold and copper in the project. Its The Lost Cities Cutucu project is located in Ecuador.

For current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -)  and Meridian Mining Mining (- https://www.resource-capital.ch/de/unternehmen/meridian-mining-uk-societas/ -).

According to §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned, creating a potential conflict of interest. No guarantee for the translation into German. Only the English version of these news is valid.

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