Gold price may soon reach 2,000 US dollars per ounce

Despite the current downtrend, gold is extremely attractive. The reasons are obvious.

With Fed Chairman Jerome Powell’s statements about accelerated monetary tightening, the price of the precious metal weakened. Nevertheless, the attractiveness of gold is high, at least according to Benjamin Louvet, fund manager at OFI Asset Management. Louvet cites the possibility of another major pandemic as the reason. That’s because central banks would then have to return to loose monetary policy, possibly even more so than before. Certain sectors have suffered greatly from the pandemic, such as tour operators, restaurants and airlines.

If the economy recovers, there is still inflation, which is underestimated in case of doubt. The enormous national debt will probably lead to further declines in real interest rates. And if interest rate hikes are hoped for but do not materialize, the market is likely to respond with strong counter-reactions. Also, among central banks, especially the US one, the view seems to be manifesting itself that inflation is not temporary after all. Therefore, the chances of a higher gold price in the new year are very good. Commodity prices are also being driven not only by the high inflation figures, but also by the energy transition and investments in infrastructure projects.

So, a rally in commodity prices and also in precious metals, led by gold, could be coming. Time to look at companies with gold in the ground.

Aztec Mineralshttps://www.youtube.com/watch?v=qZqQl4mZLv0 – owns the Cervantes project in Mexico, which contains gold, copper and silver. In addition, the company is working on the Tombstone project in Arizona (gold and silver), even visible gold has been discovered in drilling.

Vizsla Silverhttps://www.youtube.com/watch?v=4iftwdjuCAU – is focusing on the previously producing Panuco project in Mexico, a high-grade gold-silver discovery.

Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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