From July to early October, then again especially from December, the price of the precious metal goes up. Festivals and celebrations are responsible. After all, about two-thirds of gold is used for jewelry production. The Indian wedding season, Chinese New Year and Christmas are events on which people like to give jewelry as gifts. Just when things don't look so rosy for many stocks, you should turn to commodities that are winners. And this is over time seen gold in any case, especially in times of high inflation.
The Fed raised interest rates to now 1.75 percent, and further rate hikes were announced. This caused the U.S. dollar to weaken, as did bond yields, and that was good for the price of gold. Interest rates were also raised in England and Switzerland. The European Central Bank will also turn the interest rate screw in July and then probably in September. Since the beginning of the year, the German share index has lost ground, falling by around 18 percent. This is because the threat of recession and the immense rise in inflation rates are not to the liking of the share index and are making for a weak economic period. How the situation will develop further, also in view of the uncertain situation caused by the Russian invasion and the supply chain problems, is uncertain. Preservation of wealth in this mixed situation from a long-term perspective should succeed particularly well with gold shares. Currently attractive entry prices should be used. Fury Gold Mines or Gold Royalty, for example, are suitable for this purpose.
Fury Gold Mines - https://www.youtube.com/watch?v=wS8MreV3_mo - has highly prospective projects in prime areas of Nunavut, Quebec and British Columbia in its portfolio.
With GoldRoyalty - https://www.youtube.com/watch?v=CXOMTd15gHI -, you get a royalty company that owns over 190 royalties in the U.S., so you also get diversification in the portfolio right away. The last half year brought record sales.
Current corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -) and Gold Royalty (- https://www.resource-capital.ch/en/companies/gold-royalty-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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