Gold should hold above 1,900 US dollars per troy ounce

The Australia and New Zealand Banking Group has just warned that if gold falls below the psychological mark of 1,900 U.S. dollars. Because then the price of the precious metal can weaken further. The bank's experts see gold as insurance against a slowdown in the current year. Also, gold should continue to enjoy great popularity. The reasons are a falling inflation rate and an expected peak in interest rates. A weaker U.S. dollar should also strengthen the gold price. But where there is light, there is also shadow, i.e. price corrections are quite possible after the current rally. Investors should therefore closely monitor the price trend and take advantage of price setbacks.

However, it is also possible that the gold price will settle at a level above US$1,900 per ounce. After the Fed decided to raise interest rates by 50 basis points in December, all eyes will be on the next meeting on February 1. The probability that a 25 basis point hike will come then is more than 90 percent in the markets. With the two percent inflation target still a long way off, some believe an easing cycle won't start until 2024. Still, 2023 should be a good year for gold, as physical demand is high, and investment should keep gold prices high. This is also backed by the departure of China, the largest gold consumer, from lockdown rules. From experience, gold delivers good returns before and during a crisis. Gold mining companies such as Caledonia Mining or Sierra Madre Gold and Silver benefit from a strong gold price.

Caledonia Mining - https://www.commodity-tv.com/play/mining-newsflash-with-caledonia-mining-canada-nickel-skeena-resources-and-labrador-uranium/ - is producing successfully in Zimbabwe. The company's Blanket gold mine was able to report record gold production of more than 80,000 ounces for 2022.

Sierra Madre Gold and Silver has high-grade gold and silver projects in Mexico with historical resource estimates.

Latest corporate information and press releases from Caledonia Mining (- https://www.resource-capital.ch/en/companies/caledonia-mining-corp/ -) and Sierra Madre Gold and Silver (- https://www.resource-capital.ch/en/companies/sierra-madre-gold-and-silver-ltd/ -). 

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/

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