Gold price will boost gold stocks

The performance of gold stocks was not particularly good in October. Things started to pick up a little in November and of course also in December. This can be seen, for example, in the NYSE Arca Gold Miners Index. This is a share index that includes gold producers. The MVIS® Global Junior Gold Miners Index (MVGDXJ) has also risen. This index focuses on small-cap companies in the gold and silver mining sector. More than 50 percent of the markets expect the Fed to cut interest rates in March. This, as well as ongoing crises, is keeping the price of gold high.

If investors now want to leverage the price of gold in order to make profits, gold company stocks are a good option. Everything will probably take time, as investor demand, especially for exchange-traded gold funds, is not yet so high. Although inflation has fallen, it is still far from the 2% target. Two wars and the immense debts of many countries are also weighing on the market. Some people could therefore turn to gold in the new year.

Gold companies produce an ounce of gold at an average all-in-sustaining cost of around USD 1,300. And in the current year, the average gold price was higher than ever before. This therefore benefits the gold companies and ultimately the investors. Well-positioned gold companies such as Osisko Development or Fury Gold Mines should be kept an eye on.

Fury Gold Mines – https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ – is active in Quebec and Nunavut, is well financed and owns a gold platform with several million ounces.

Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ -, already a producer, operates projects in Mexico, Canada and the USA. The company sold almost 3,900 ounces of gold in the third quarter of 2023. The aim is to become a medium-sized gold producer.

Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-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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