Gold is always attractive

The price of USD 2,925 per troy ounce is an important mark for chart technicians. The rise could be halted here. However, if the mark is overcome, the rally will continue. The price of gold could also rise to USD 3,035 per ounce. If the price of the precious metal falls below USD 2,852, it could also drop to USD 2,790. But it does not look like that will happen; on the contrary. The US dollar is gradually weakening, and the geopolitical uncertainties are anything but out of the way. There is also no end in sight to the hunger for gold on the part of many central banks. If there are only two interest rate cuts by the US Federal Reserve this year, this represents a certain risk, but it is generally considered to be low. Recent years have shown that even higher US interest rates and a strong US dollar have had little impact on the strong gold price. And even if the gold price does go down, this will probably not change the general upward trend.

A recent survey conducted by the London Bullion Market Association revealed that the commodities experts surveyed expect an average price of USD 2,736.99 per ounce of gold this year (14.7% more than in 2024). Expectations ranged from 2,250 to 3,290 US dollars. In any case, the experts expect the price to be driven by the same factors in 2025 as in 2024. The respondents were also very positive about silver. They expected an average price of USD 32.86 per ounce of silver, 16% higher than in the previous year. Mining companies with gold and silver in their projects, such as Sierra Madre Gold and Silver – https://www.commodity-tv.com/ondemand/companies/profil/sierra-madre-gold-silver/ – or Fortuna Mining, are worthy of note.

In the full year 2024, Fortuna Mining – https://www.commodity-tv.com/ondemand/companies/profil/fortuna-mining-inc/ – produced a record amount of almost 370,000 ounces of gold and more than 3.7 million ounces of silver from its five active mines in West Africa and Latin America. The mines of the gold and silver producer Fortuna Mining are located in Argentina, Burkina Faso, Côte d’Ivoire, Mexico and Peru.

Current company information and press releases from Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -) and Fortuna Mining (- https://www.resource-capital.ch/en/companies/fortuna-mining-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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