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Gold has reached its highest level since the all-time high of 3,500 US dollars in April. Private investors have not only benefited from the rise in the price of gold since Donald Trump’s second presidency, but the precious metal has now become even more expensive due to Israel’s attacks on Iran. Even if setbacks were to occur, a considerable cushion has been created to ride out any price setbacks.

Following the latest escalations in the Middle East at the end of last week, the US dollar and bond yields have moved little, which is actually rather surprising. After all, gold and the US dollar normally rise in times of crisis. However, the US dollar is at its lowest level for around three years. So gold alone is currently rising without taking the US dollar with it. The number of safe havens is small, and gold is the most attractive one. US bonds are not so popular at the moment because the USA can no longer score points for reliability. In addition to the classic safe-haven movement, the gold price is benefiting from strong demand from central banks, concerns about high government debt and a possible economic slowdown in the US. The latter could prompt the US Federal Reserve to cut interest rates, which in turn is good for the gold price.

Global tensions have certainly intensified, so it should come as no surprise if the price of the yellow metal rises further this week. Companies such as Goldshore Resources and Osisko Development have the sought-after gold in the ground.

Goldshore Resources – https://www.commodity-tv.com/play/goldshore-resources-more-exploration-to-increase-the-674-million-oz-gold-resource-in-canada/ – is located in Ontario with its advanced Moss Gold Project. It is wholly owned by the company and has excellent infrastructure.

Osisko Development – https://www.commodity-tv.com/play/osisko-development-optimized-feasibility-study-for-cariboo-shows-profitability-and-potential/ – 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.

Current corporate information and press releases from Osisko Development (– https://www.resource-capital.ch/de/unternehmen/osisko-development-corp/ -) and Goldshore Resources (– http://www.resource-capital.ch/de/unternehmen/goldshore-resources-inc/ -).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the respective companies mentioned and therefore a possible conflict of interest exists. No guarantee for the translation into German. Only the English version of this news is valid.

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