Things have calmed down in the Middle East and US tariffs are probably not having such an impact.
(PresseBox) – It is geopolitical crises that influence the price of gold, depending on whether they become weaker or stronger. The ceasefire between Iran and Israel seems to be working. The US president’s tariff policy has probably not had an excessive impact so far, although this may yet come. Most recently, tariff negotiations have caused the price of the safe haven of gold to take a hit. It remains to be seen whether agreements will actually be reached with India, Japan and other countries. As far as the Fed’s interest rate decisions are concerned, a rate cut in September is widely expected. And there is now also speculation that the Fed could cut interest rates as early as July.
Should this happen, a significant rise in the price of the precious metal is to be expected. A new record price, i.e. over 3,500 US dollars per ounce, is certainly a possibility that investors should consider. Another factor for a higher gold price is the US budget deficit. At more than 36 trillion US dollars, the US national debt has reached an unprecedented level. If the US president succeeds with his planned tax cut, this further increase in debt will most likely fuel the gold price. After all, if the US gets into increasing financial difficulties, it can be expected that debt will be devalued because governments never become insolvent. Basically, as in the past, gold is the only trustworthy asset today. The values of gold companies should therefore also be in focus, for example Osisko Development or Tudor Gold.
Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ – owns the Cariboo (Canada), San Antonio (Mexico) and Tintic (USA) projects. Production at Cariboo (around 190,000 ounces of gold per year over ten years) is scheduled to start in 2027.
Tudor Gold – https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/- owns the Treaty Creek project (80 percent) in the Golden Triangle. This hosts one of Canada’s largest gold discoveries with excellent expansion potential.
Current company information and press releases from Osisko Development (- https://www.resource-capital.ch/en/companies/osisko-development-corp/ -).
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