In the short term, the gold price is likely to remain strongly influenced by developments in the Iran conflict. Over the medium to longer term, however, the outlook remains optimistic.
Advertisement/Paid Promotion - This article is distributed on behalf of Mayfair Gold Corp. and Newcore Gold Ltd., with which SRC swiss resource capital AG maintains paid IR advisory agreements · Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First publication: 16.06.2026, 4:20 p.m. Zurich/Berlin ·
In the Iran conflict, there have recently been clear signs of easing tensions and renewed hopes for an agreement. For investors, however, the key point remains the same: gold is not an investment for short-term profit-taking opportunities, but should primarily be viewed in the context of a medium- to long-term investment horizon. And in this respect, the underlying conditions remain fundamentally constructive. Increasing global geopolitical fragmentation, concerns about high sovereign debt levels and the potential devaluation of currencies continue to support the attractiveness of gold investments.
Added to this is the continuing trend among central banks to diversify their reserves with gold. The current situation in the gold price - it recently fell below its 200-day moving average for the first time since 2023 - should therefore not be overestimated. Among the factors responsible were a stronger-than-expected U.S. labor market and a significant rise in U.S. consumer prices in May. Both increased expectations that the U.S. Federal Reserve could remain restrictive for longer or, if necessary, raise interest rates. Higher interest rates are generally not supportive of a rising gold price in the short term.
The ECB had raised key interest rates. On average, inflation in the euro area is expected to be around three percent in 2026. A decline is not expected until next year. However, no rate hike is generally expected at the upcoming first meeting under the new Fed Chair Kevin Warsh. Whether this will also apply for the rest of the year remains uncertain. At the time of writing, it remained open whether the reported rapprochement in the conflict over the Strait of Hormuz would result in a viable and permanently implemented agreement. Temporary signs of easing may weigh on the gold price in the short term, but they do little to change the medium- to long-term environment.
Mayfair Gold - https://www.youtube.com/watch?v=-xQP_MOZG4w - controls 100 percent of the Fenn-Gib Gold Project in northern Ontario, in the highly productive Timmins District. A positive Preliminary Feasibility Study is already available. According to the company, the gold project hosts an Indicated Mineral Resource of 181.3 million tonnes of rock grading 0.74 grams of gold per tonne, or approximately 4.3 million ounces of gold.
The strategy is deliberately staged: Mayfair Gold does not intend to develop the entire project immediately, but is initially focusing on the higher-grade, near-surface portion. The initial mine plan, or first Mineral Reserve, comprises approximately 1.04 million ounces of gold, representing about 24 percent of the Indicated Mineral Resource. This approach is intended to accelerate the potential permitting pathway in Ontario, move the project toward a construction decision with a reduced risk profile and prepare for later growth from the remaining resource. The company is targeting permits by 2028 and the start of production around 2030.
Mayfair has several key upcoming catalysts this year including permitting milestones, advancing project financing and initiating an exploration program.
Newcore Gold Ltd. (TSXV: NCAU, OTCQX: NCAUF) is advancing the Enchi Gold Project in southwestern Ghana. The Project's 248 km² land package covers 40 kilometres of Ghana's Bibiani Shear Zone, a prolific gold belt that hosts several large multi-million-ounce gold mines.
A Preliminary Economic Assessment (PEA) completed in 2024 highlighted the robust economics of developing a conventional open-pit gold mine at Enchi, characterized by low capital intensity and strong leverage to the gold price.
The Company is currently executing an 80,000 metre drill program focused on resource conversion, resource growth and exploration as Newcore completes the technical work required to advance the Project toward completion of the Pre-Feasibility Study expected at the end of June 2026.
Enchi's longer-term potential is supported by district-scale exploration opportunities across its large land package that remain largely underexplored and provide significant potential for resource growth both along strike and at depth.
Newcore's management and board are aligned with shareholders through approximately 12% ownership of the Company, while institutional investors provide strong support with ownership of approximately 55%.
Current company information and press releases from Newcore Gold (- https://www.resource-capital.ch/de/unternehmen/newcore-gold-ltd/ -) and Mayfair Gold (- https://www.resource-capital.ch/de/unternehmen/mayfair-gold-corp/ -).
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/.
Sources: Newcore Gold, Mayfair Gold, World Gold Council, European Central Bank, Reuters,
https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/ ;
In accordance with Section 85 WpHG in conjunction with Art. 20 MAR/Regulation (EU) 2016/958, we point out that authors/employees/affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/relationship: IR agreements/advertorial. Own positions (author): none; SRC net position: below 0.5%; issuer’s participation of >= 5% in SRC: no. Update policy: no obligation to update. No guarantee is provided for the German translation. Only the English-language version of these news releases shall be authoritative.
Disclaimer: The information provided does not constitute any recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for any damages arising from the use of this blog. We point out that shares and, in particular, warrant investments are generally associated with risk. A total loss of the capital invested cannot be ruled out. All information and sources are researched carefully. However, no guarantee is assumed for the accuracy of any content. Despite the greatest care, errors, particularly with regard to numerical data and prices, are expressly reserved. The information contained herein is derived from sources considered reliable, but does not claim to be accurate or complete. Due to court rulings, responsibility may also extend to the content of linked external pages (including the Hamburg Regional Court, judgment of May 12, 1998 - 312 O 85/98), unless an express distancing from such content has been made. Despite careful content control, we assume no liability for the content of linked external pages. The operators of those pages are solely responsible for their content. In addition, the disclaimer of Swiss Resource Capital AG applies, which is available at https://www.resource-capital.ch/de/disclaimer-agb/.
Advertisement/Paid Promotion - This article is distributed on behalf of Mayfair Gold Corp. and Newcore Gold Ltd., with which SRC swiss resource capital AG maintains paid IR advisory agreements · Publisher: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First publication: 16.06.2026, 4:20 p.m. Zurich/Berlin ·
In the Iran conflict, there have recently been clear signs of easing tensions and renewed hopes for an agreement. For investors, however, the key point remains the same: gold is not an investment for short-term profit-taking opportunities, but should primarily be viewed in the context of a medium- to long-term investment horizon. And in this respect, the underlying conditions remain fundamentally constructive. Increasing global geopolitical fragmentation, concerns about high sovereign debt levels and the potential devaluation of currencies continue to support the attractiveness of gold investments.
Added to this is the continuing trend among central banks to diversify their reserves with gold. The current situation in the gold price - it recently fell below its 200-day moving average for the first time since 2023 - should therefore not be overestimated. Among the factors responsible were a stronger-than-expected U.S. labor market and a significant rise in U.S. consumer prices in May. Both increased expectations that the U.S. Federal Reserve could remain restrictive for longer or, if necessary, raise interest rates. Higher interest rates are generally not supportive of a rising gold price in the short term.
The ECB had raised key interest rates. On average, inflation in the euro area is expected to be around three percent in 2026. A decline is not expected until next year. However, no rate hike is generally expected at the upcoming first meeting under the new Fed Chair Kevin Warsh. Whether this will also apply for the rest of the year remains uncertain. At the time of writing, it remained open whether the reported rapprochement in the conflict over the Strait of Hormuz would result in a viable and permanently implemented agreement. Temporary signs of easing may weigh on the gold price in the short term, but they do little to change the medium- to long-term environment.
Mayfair Gold - https://www.youtube.com/watch?v=-xQP_MOZG4w - controls 100 percent of the Fenn-Gib Gold Project in northern Ontario, in the highly productive Timmins District. A positive Preliminary Feasibility Study is already available. According to the company, the gold project hosts an Indicated Mineral Resource of 181.3 million tonnes of rock grading 0.74 grams of gold per tonne, or approximately 4.3 million ounces of gold.
The strategy is deliberately staged: Mayfair Gold does not intend to develop the entire project immediately, but is initially focusing on the higher-grade, near-surface portion. The initial mine plan, or first Mineral Reserve, comprises approximately 1.04 million ounces of gold, representing about 24 percent of the Indicated Mineral Resource. This approach is intended to accelerate the potential permitting pathway in Ontario, move the project toward a construction decision with a reduced risk profile and prepare for later growth from the remaining resource. The company is targeting permits by 2028 and the start of production around 2030.
Mayfair has several key upcoming catalysts this year including permitting milestones, advancing project financing and initiating an exploration program.
Newcore Gold Ltd. (TSXV: NCAU, OTCQX: NCAUF) is advancing the Enchi Gold Project in southwestern Ghana. The Project's 248 km² land package covers 40 kilometres of Ghana's Bibiani Shear Zone, a prolific gold belt that hosts several large multi-million-ounce gold mines.
A Preliminary Economic Assessment (PEA) completed in 2024 highlighted the robust economics of developing a conventional open-pit gold mine at Enchi, characterized by low capital intensity and strong leverage to the gold price.
The Company is currently executing an 80,000 metre drill program focused on resource conversion, resource growth and exploration as Newcore completes the technical work required to advance the Project toward completion of the Pre-Feasibility Study expected at the end of June 2026.
Enchi's longer-term potential is supported by district-scale exploration opportunities across its large land package that remain largely underexplored and provide significant potential for resource growth both along strike and at depth.
Newcore's management and board are aligned with shareholders through approximately 12% ownership of the Company, while institutional investors provide strong support with ownership of approximately 55%.
Current company information and press releases from Newcore Gold (- https://www.resource-capital.ch/de/unternehmen/newcore-gold-ltd/ -) and Mayfair Gold (- https://www.resource-capital.ch/de/unternehmen/mayfair-gold-corp/ -).
Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/.
Sources: Newcore Gold, Mayfair Gold, World Gold Council, European Central Bank, Reuters,
https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/ ;
In accordance with Section 85 WpHG in conjunction with Art. 20 MAR/Regulation (EU) 2016/958, we point out that authors/employees/affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/relationship: IR agreements/advertorial. Own positions (author): none; SRC net position: below 0.5%; issuer’s participation of >= 5% in SRC: no. Update policy: no obligation to update. No guarantee is provided for the German translation. Only the English-language version of these news releases shall be authoritative.
Disclaimer: The information provided does not constitute any recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for any damages arising from the use of this blog. We point out that shares and, in particular, warrant investments are generally associated with risk. A total loss of the capital invested cannot be ruled out. All information and sources are researched carefully. However, no guarantee is assumed for the accuracy of any content. Despite the greatest care, errors, particularly with regard to numerical data and prices, are expressly reserved. The information contained herein is derived from sources considered reliable, but does not claim to be accurate or complete. Due to court rulings, responsibility may also extend to the content of linked external pages (including the Hamburg Regional Court, judgment of May 12, 1998 - 312 O 85/98), unless an express distancing from such content has been made. Despite careful content control, we assume no liability for the content of linked external pages. The operators of those pages are solely responsible for their content. In addition, the disclaimer of Swiss Resource Capital AG applies, which is available at https://www.resource-capital.ch/de/disclaimer-agb/.
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