In September, the gold price lost 3.7 percent compared to the previous month. The war in Israel led to a rising gold price. A rising risk of recession additionally prevails in the USA. Inflation volatility and central bank purchases will impact the gold price and counteract a possible downward trend. A strong U.S. dollar and rising yields on ten-year U.S. government bonds will act as a challenge to the price of the precious metal. There one must probably prepare for a fluctuating gold price. Nevertheless, it is advisable to invest part of one’s assets in gold, also with a view to private retirement provision.

Not only in the USA, but also in Europe there are risks that could have a positive impact on the gold price. There are, for example, Italy’s rising debt costs. Public debt there is still high; it has not declined. The government in Italy has recently increased the budget deficit targets. The working-age population is declining. So, Italy has similar problems to Germany in terms of demographic change. Japan has managed to keep workers in the labor force longer and has also been able to increase the participation of women. Despite inflation and high prices, it is not easy to make private provision. If you are looking around the gold market but shy away from storing physical gold, you can look at gold companies such as Condor Gold or Calibre Mining.

Condor Gold – https://www.commodity-tv.com/ondemand/companies/profil/condor-gold-plc/ – owns three projects in Nicaragua. Of particular interest is the La India gold project.

Calibre Mining – https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ – is a producer operating in North and South America. The company has now been able to report record fourth quarter gold production (almost 74,000 ounces of gold).

Current corporate information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-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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