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Many gold connoisseurs are betting on gold prices rising again soon, such as Frank Holmes. According to Frank Holmes, the price of gold will rise to 6,000 US dollars under Trump. The reasons lie in the hunger for gold of many nations such as China, in the de-dollarization and in a new beginning in the global financial system. On the one hand, the Fed would have to cut interest rates and, on the other, global GDP growth has been downgraded by the International Monetary Fund. Every new tariff increase will promote the weakening of the US dollar and fuel the gold price. The major bank JPMorgan is not quite so optimistic and sees the price of a troy ounce of gold at USD 4,000 in 2026…not a small figure either. And the high gold price is good for the smaller and medium-sized gold companies, as they are gaining in general interest and thus becoming more attractive. Kenya, for example, is one of the countries that want to increase their gold reserves.

The country wants to diversify its foreign exchange reserves by buying gold. Kenya currently has gold reserves of around 1.3 million US dollars, i.e. around 600 ounces of gold. The total foreign exchange reserves amount to around 9.6 billion US dollars. So far, gold has only made up a very small proportion of foreign currency assets. This could change. Kenya wants to reduce its dependence on the US dollar in favor of more gold reserves. This would give the country a better grip on currency fluctuations. This example shows the trend that will certainly affect even more central banks. This demand from central banks is of course good for the gold price.

Many agree that the current fall in the price of gold is likely to be short-lived before it starts to rise again. Investors should take advantage of the weak phase, for example by investing in well-positioned gold companies such as Revival Gold or Osisko Development.

Revival Gold – https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/ – is developing the Mercur gold project in Utah, which is ready for production in the relatively short term. The completion of the PEA doubles the company’s net asset value in gold. In addition, the company is preparing the permitting process and the ongoing exploration of the Beartrack-Arnett gold project in Idaho.

Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ – has gold in 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 company information and press releases from Osisko Development (– https://www.resource-capital.ch/en/companies/osisko-development-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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