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Gold investors always look at the interest rate decisions of the central banks. The European Central Bank has already raised interest rates ten times in a row. The ECB’s interest rate hikes may now have come to an end, according to the prevailing opinion. Of course, it could also be that the ECB is just aiming for a pause in interest rates. In favor of an end to the rate hikes is that inflation is on the retreat now after all, even if it is still high. In August it was 5.2 percent, in September 4.3 percent. The key interest rate is currently 4.5 percent. So the targeted two percent is still a long time coming. Looking at Canada, the Bank of Canada has announced that it is leaving interest rates unchanged. This is because a slowing economy would further cool inflationary pressures. The slowdown in the economy can be attributed to past interest rate hikes. Consumer prices are still relatively stable at a high level in Canada as well. The announcement by the Canadian central bank did not have much impact on the price of gold, as the price of the precious metal is supported by the prevailing geopolitical uncertainties.

What is currently good for the gold price are again larger purchases by ETF investors. The mood among financial investors seems to have changed. Gold has become more attractive. One of the most important factors in how it fares in terms of price is likely to be the further development of the conflict in the Middle East. Investors who want to position themselves now can turn to solid gold companies such as Osisko Development or Chesapeake Gold.

Osisko Development – https://www.commodity-tv.com/ondemand/companies/profil/osisko-development-corp/ – produces gold. The projects are located in Mexico, Canada and the USA.

In North and South America, Chesapeake Gold – https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ – is active with a focus on gold and silver. The Metates project in Durango with gold, silver and zinc is particularly promising.

Current corporate 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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