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Advertisement/Advertising – This article is distributed on behalf of Mayfair Gold Corp. and Newcore Gold Ltd., with whom SRC swiss resource capital AG has paid IR advisory contracts. Creator: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: January 28, 2026, 7:30 p.m. Zurich/Berlin

The price of gold has already risen 13 percent this year. Last week was the strongest week in six years for the price of the precious metal, according to the World Gold Council. There was a lot going on last week, starting with tensions in Greenland, which then subsided again. US economic data was rather positive and the economy in Europe appears stable. Japan is tending towards interest rate hikes. The country is suffering from weak economic growth. Bond yields have risen sharply, making debt expensive for Japan. Japan’s mountain of debt is estimated to account for 230 percent of gross domestic product. In the US, it amounts to just under 125 percent.

The USD/JPY (US dollar/Japanese yen) exchange rate reversed after intervention by the Japanese finance minister. The US dollar was weighed down and the price of gold continued to rise. In any case, the price of the precious metal has exceeded its all-time highs nine times this year alone. This is because uncertainties continue. The US president sent ships to the Middle East, intensifying tensions in Iran. Then there was also the threat of 100 percent tariffs on Canadian goods.

From a technical perspective, there is a long-term target zone at US$5,200 and US$5,230. If this zone is broken, the next decisive mark would be US$5,400. In any case, the upward trend shows no signs of weakening so far. If the US dollar remains weak, this would boost the price of gold. This, in turn, would make gold companies more valuable.

Newcore Gold – https://www.commodity-tv.com/ondemand/companies/profil/newcore-gold-ltd/ – is working vigorously on the Enchi Gold Project (100 percent owned) in southwestern Ghana, located on one of West Africa’s most productive and best-developed gold trends. The project has an indicated mineral resource of 743,500 ounces of gold at a grade of 0.55 grams of gold per ton of rock. Recent drill results have returned up to 174 grams of gold per tonne of rock.

Mayfair Gold – https://www.commodity-tv.com/ondemand/companies/profil/mayfair-gold-corp/ – controls 100 percent of the Fenn-Gib Gold Project in northern Ontario in the prolific Timmins District. A very positive preliminary feasibility study is already available. According to the company, the gold project contains 4.3 million ounces of gold (an indicated resource of 181.3 million tons of rock with a grade of 0.74 grams of gold per ton of rock). Production is scheduled to begin in 2030.

Current company information and press releases from Mayfair Gold (- https://www.resource-capital.ch/en/companies/mayfair-gold-corp/ -) and Newcore Gold (- https://www.resource-capital.ch/en/companies/newcore-gold-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.focus.de/finanzen/boerse/japan-versetzt-schulden-schock-rekord-zinsen-erschuettern-die-maerkte_b4cb2ec3-e852-446a-b1ff-b7e3c30d83a4.html;

https://www.resource-capital.ch/en/reports/view/precious-metals-report-2025-11-update/

Source-Intro-Bild: stock.adobe.com

In accordance with Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of Regulation (EU) 2016/958 (MAR), we hereby disclose that authors/employees/affiliated companies of SRC swiss resource capital AG may hold positions (long/short) in issuers discussed. Remuneration/relationship: IR contracts/advertorial: Own positions (author): none; SRC net position: less than 0.5%; issuer’s stake in SRC ≥ 5%: no. Update policy: no obligation to update. No guarantee for the translation into German. Only the English version of this news release is authoritative.

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