Advertisement/Advertising – This article is distributed on behalf of Fury Gold Mines Ltd. and Gold X2 Mining Inc., with whom SRC swiss resource capital AG has paid IR consulting agreements. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: March 4, 2026, 8:00 p.m. Zurich/Berlin
Gold has risen in value by more than 150 percent over the past five years. Experts at J.P. Morgan see the most important factor for higher gold prices as a new era of geopolitical volatility and fragmentation. Inflation, currency devaluation, and irresponsible fiscal policy are also having an impact. All of this makes the precious metal an extremely popular investment vehicle. And with geopolitical turmoil likely to continue, the stage is set for further increases in the price of the precious metal.
What could slow down the gold price would be if central banks ended their buying spree. Since 2022, when Russia's war of aggression began, net gold purchases by central banks have roughly doubled. The reason was the central banks' desire to diversify away from the US dollar, especially after Russian assets were frozen by the US, which caught everyone's attention. There have been instances in the past where central banks stopped buying gold or even sold their gold reserves. The United Kingdom sold over 50 percent of its gold reserves between 1999 and 2002. And Switzerland decoupled its currency from the price of gold. The price of gold subsequently fell by 13 percent but then recovered. From 2019 onwards, the majority of central banks became gold buyers.
However, this scenario, in which central banks avoid gold and demand from private investors stagnates, is rather unlikely. Emerging markets, led by China, are focusing on gold reserve purchases. And there is still plenty of room for growth. In China, for example, gold reserves account for only 8.6 percent of total reserves. Industrialized countries hold approximately 47 percent of their reserves in gold, while emerging markets hold only about 19 percent.
Fury Gold Mines, - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - which is well financed, has a gold and mineral exploration portfolio totaling over 157,000 hectares in Québec. The company also owns 11.3 million common shares of Dolly Varden Silver Corp. In 2025, the company drilled a total of more than 18,000 meters on its projects.
Gold X2 Mining - https://www.commodity-tv.com/ondemand/companies/profil/gold-x2-mining-inc/ - owns the advanced Moss Gold Project (gold, silver, copper) in Ontario. Wholly owned, the project is well-serviced and has produced excellent drill results. Gold X2 Mining has also acquired Kesselrun Resources, thereby expanding the Huronian Gold Project and the land package of the Moss Project.
Current company information and press releases from Gold X2 Mining (- https://www.resource-capital.ch/en/companies/gold-x2-mining-inc/ -) and Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -)
Further information is also available in our new precious metals report at the following link: https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
Sources:
https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/
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