Kontakt
QR-Code für die aktuelle URL

Pressemitteilung Box-ID: 1138350

Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Schweiz http://www.resource-capital.ch
Ansprechpartner:in Herr Jörg Schulte +49 2983 974041

Precious metals investors should have a little patience

(PresseBox) (Herisau, )
According to Bank of America, there should still be some headwinds for gold and silver, but then things will start to look up.

As the renowned bank predicts, there is still a chance that the price of gold will be at 2,000 US dollars per ounce by the end of the year. The Bank of America commodity strategist does not expect prices to be significantly higher than they are today until around the second quarter of 2023. It will be the move away from aggressive interest rate hikes that will multiply the number of gold buyers again. Physical gold demand is currently on extremely healthy footing. But it is investment demand that is causing movement in the gold price in the short term, he said. Nonetheless, Bank of America expects a dramatic turnaround if the Fed decides to end interest rate hikes. As a result, the gold price is expected to average $2,000 per ounce in the third and fourth quarters of 2023.

At the same time, the factors that lifted the price of the precious metal to more than US$2,000 at the beginning of the year are still present today. These are the geopolitical tensions, inflation and its threat to the economy, the energy crisis and the threat of recession. Interest rate hikes are expected to stop when the rate will be between 5 and 5.25 percent. At the same time, interest rate cuts by the Federal Reserve are expected until around December 2023. Bank of America is also optimistic about the price of silver. For mid-2023, the bank expects 25 US dollars per fine ounce of silver. The price of silver should then also be high in 2024, according to the bank experts. It could be worthwhile to invest now, for example in gold companies such as Maple Gold Mines or Trillium Gold Mines.

Maple Gold Mines operates two gold projects in Quebec in the Abitibi Greenstone Belt with partner Agnico Eagle.

Trillium Gold Mines is active in the Red Lake mining district in Ontario, where it owns one of the largest property packages. In addition, properties in Larder Lake, Ontario are added.

Current corporate information and press releases from Maple Gold Mines (- https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd/ -) and Trillium Gold Mines (- https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/ -).

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/

Website Promotion

Website Promotion
Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien. Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.
Wichtiger Hinweis:

Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die unn | UNITED NEWS NETWORK GmbH gestattet.

unn | UNITED NEWS NETWORK GmbH 2002–2023, Alle Rechte vorbehalten

Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien. Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.