Where major banks see the gold price in the coming months

After two months of war, it has become clear that gold has lost none of its appeal as a safe haven. John LaForge of Wells Fargo Bank, a major U.S. financial services company, also sees gold as a favorite among investors. The gold price is moving steadily upward, and small setbacks do not change this direction. As a store of value, gold is universally recognized and can also be held physically, he said. For the end of the current year, he therefore expects a possible gold price of US$2,100. A Bank of America analyst, Paul Ciana, expects a price of 2,175 U.S. dollars per troy ounce in the course of the year, i.e. a price above the all-time high. Setbacks in the price are buying opportunities.

The statements of the Credit Suisse analysts have certainly also attracted a lot of attention. According to their statements, prices of up to 2,300 US dollars per ounce of gold are possible. However, should gold fall below 1,877 U.S. dollars, then a sideways movement would be expected. Also from the side of the ANZ Bank (Australia and New Zealand Banking Group) one hears that the inflation events and the geopolitical risks lift the gold price upward and still support. These effects will be amplified if more sanctions are imposed on Russia. More and more investors are looking for store of value opportunities and are looking to diversify. So, since the fundamentals for gold are good, gold mining stock values should not be missed.

There is, for example, Tudor Gold – https://www.youtube.com/watch?v=M1tQxkYRgu4 – with its involvement in British Columbia. The Treaty Creek project, plus an interest in the Crown project and an interest in the Eskay North project are part of the portfolio.

CanaGold Resources – https://www.youtube.com/watch?v=TaysPXKFBiI – owns the promising New Polaris project in British Columbia, which just scored again with excellent drill results. Up to 42.5 grams of gold per ton of rock could be found.

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