The gold price still has potential

Uncertainties on the financial markets persist. Central banks want to bring inflation rates down. This poses the risk of a recession. Chart technicians see gold in a solid position, while there is still upside potential in the short term. When the old all-time high of the gold price of 2,078.80 U.S. dollars per ounce could be broken, there is eager discussion. The milder course of the Fed with the interest rate increases results from the expectations that the inflation will go this year further downward. Some analysts see the gold price reaching the US$2,000 mark after the next Fed meeting.

Factors that would not be good for the gold price, this side should also be looked at, would be, for example, if the economic growth in China would develop negatively. Reasons could be further real estate market problems or a worsening of the health crisis. A recession in the USA or Europe would also be a risk. A longer than expected tightening cycle by central banks could also have a negative impact on the gold price. And finally, a significantly higher gold supply than assumed for the new year would not be as beneficial to the price of the precious metal. These would be negative influences, but none of these appear serious as imminent. More likely is an economic recovery in China and low but positive growth in Western economies. Investors who have confidence in the potential of the gold price and in the value of the yellow metal should hold stocks of gold companies in their portfolio, for example, OceanaGold or Tarachi Gold.

OceanaGold is one of the producers, the projects are located in the USA, the Philippines and New Zealand. An increase in gold production is the goal.

Tarachi Gold is active in Mexico. The two projects contain gold, silver, copper and zinc and they have the potential for near-term cash flow.

Current corporate information and press releases from OceanaGold (- https://www.resource-capital.ch/en/companies/oceanagold-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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