Herisau, 21.11.2023 (PresseBox) – The global economy is subdued. This benefits the gold price.

Gold is and remains an important asset. Concerns about an escalation of the conflict in the Middle East have subsided. Even if this does not support gold as a safe haven, various other factors are ensuring the popularity of the precious metal. It is monetary policy that is positive for the gold price. Inflation is on the retreat in many places, as in the USA, which reduces the pressure on central banks. A turnaround in interest rates is now expected. And if interest rates are cut, this will put pressure on bond yields, which in turn will support the gold price. Central banks are eagerly buying gold, betting on a rising gold price. For some weeks now, more and more speculators have also been betting on rising gold prices, as can be seen on the commodity futures markets. Many analysts are focusing on May 2024 as the first month of interest rate cuts.

The economic situation in the eurozone is not the best either. The purchasing managers‘ indices continue to fall. Further interest rate hikes therefore appear to be off the table. A dip in the economy is also expected in the USA and interest rates will therefore be cut from May. In the USA, goods prices are already on the decline. With the economic dip that is expected in the USA, unemployment will rise, and core inflation should fall further. The same applies to the eurozone. This development should lead to higher gold prices and thus to good conditions for gold companies such as GoldMining or Torq Resources.  

Torq Resourceshttps://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ – has promising investments in Chile (Santa Cecilia, Margarita, Andrea).

GoldMininghttps://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – has gold and gold-copper properties in North and South America.

Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-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.

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