The Red Sea, inflation and the gold price
(PresseBox) - Inflation in the eurozone is falling. But that could change.
In November, consumer prices in the eurozone were only 2.4% higher than a year earlier. In October, the inflation rate was 2.9 percent and a year earlier it was a massive 10.1 percent. However, if supply bottlenecks occur again, this could change quickly. Supply shortages are looming in the Red Sea. This is not the first time that Houthi rebels have fired on ships that have to sail through the Bab al-Mandab strait. It is the effects of the Gaza war that are causing problems here. Ten states have currently joined forces to protect shipping.
A lot of goods pass through the Red Sea, including on German and European ships. Major shipping companies are already avoiding the Red Sea. The war in the Gaza Strip is thus expanding. Important sea routes via the Suez Canal at the northern end of the Red Sea have been affected. And around 30 percent of all cargo ships usually take this route. For Europe, this means that all trade with Asia is disrupted.
If the ships have to take a different route, i.e. around Africa, they have to travel significantly longer and the goods on the merchant ships are likely to become more expensive. Shares in shipping companies have already risen, probably due to better capacity utilization. Inflation could therefore pick up speed again. And that is another factor that could also boost the gold price. Shares in gold companies such as Calibre Mining and Aurania Resources should not be overlooked.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - has gold and copper in the ground at its The Lost Cities project in the Andes in Ecuador.
Calibre Mining - https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ - is a gold producer with projects in Nevada, Washington and Nicaragua.
Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 22.12.2023 - 07:12 Uhr
Sprache: Deutsch
News-ID 697213
Anzahl Zeichen: 4182
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
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