The price of the precious metal only fell slightly in February. If prices were to fall in September, this would not be surprising. Especially as September is historically not such a good month for gold. In any case, there has been a loss in the past seven years. Overall, however, when looking at September since 1970, the month ranks sixth out of the twelve months. A comparison of the gold price today with that of a year ago shows a handsome gain of 27% in euro terms.
If investors look at past easing measures by the US Federal Reserve from a historical perspective, there should be good price gains when the Fed starts cutting interest rates this year. New record gold prices are therefore within reach. Major banks see it the same way. Bank of America, Citigroup and Goldman Sachs expect a gold price of 3,000 US dollars by mid-2025. UBS is forecasting 2,700 US dollars. One year after the Fed's first interest rate cut, the stock market rose twelve out of 14 times.
This is interesting, even if there is no guarantee that this will happen again. In addition to physical gold, gold shares also belong in an investment portfolio. Hence a look at Collective Mining and GoldMining.
Collective Mining - https://www.commodity-tv.com/ondemand/companies/profil/collective-mining/ - is a copper, silver, gold and tungsten exploration company with projects in Colombia, including the flagship Guayabales project.
GoldMining's projects - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - are located in North and South America and contain gold and copper. There are also shares in Gold Royalty, U.S. GoldMining and NevGold.
Current company information and press releases from Collective Mining (- https://www.resource-capital.ch/de/unternehmen/collective-mining-ltd/ -) and GoldMining (- https://www.resource-capital.ch/de/unternehmen/goldmining-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/.