Gold is versatile
Gold is used in many industrial applications that are often unknown
(PresseBox) - For example, gold was used in the McLaren F1 super sports car, which was made more than 100 times. Gold in the form of foil served as a heat deflector in the engine compartment. Semiconductors for computers and cell phones also contain the precious metal. Gold nanoparticles can also be used in chemotherapy. These are just a few examples of the use of gold in industry and science; gold is also integrated into art and religion. In order for customers to feel confident about where gold comes from, the World Gold Council is developing what is known as the Gold Bar Integrity Program. This is intended to make it possible to track the path of gold and its integrity.
Price-wise, gold has recovered in recent weeks. Inflation expectations have eased. The Fed meeting in July was able to promote a decline in the U.S. dollar, which is positive for the gold price, and an increase in risk assets. These are positive factors for the gold price. When looking at the 10-year U.S. Treasury bonds, current positioning in the futures gold market, and the performance of the U.S. dollar, the likelihood of positive forward returns for gold increases. In July, gold was still down 3.5 percent. But then the U.S. dollar and real interest rates went down. This gave the gold price a boost at the end of July. Issues such as risk and uncertainty, opportunity costs and economic growth now affect the price of the precious metal, with investment demand playing a particularly important role. A less restrictive monetary policy environment in the U.S. and high cash allocations by investors are making gold more attractive, and with it the stocks of gold companies, such as Calibre Mining and Tudor Gold. Calibre Mining - https://www.youtube.com/watch?v=m_SZMOr1hWc - is already a producer and has projects in the U.S. and Nicaragua. It expects to produce 220,000 to 235,000 ounces of gold this year. Tudor Gold - https://youtu.be/owGxeiA9OgQ - is exploring its main Treaty Creek project in British Columbia's Golden Triangle (up to nearly 71 grams gold equivalent).
Latest corporate information and press releases from Calibre Mining (https://www.resource-capital.ch/de/unternehmen/calibre-mining-corp/ )
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Unternehmensinformation / Kurzprofil:
Datum: 08.08.2022 - 10:33 Uhr
Sprache: Deutsch
News-ID 665066
Anzahl Zeichen: 4346
contact information:
Contact person: Jochen Staiger
Town:
Herisau
Phone: +41 (71) 3548501
Kategorie:
Financial Services & Insurance
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"Gold is versatile"
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