The current corrections in the gold price and in gold stocks could present interesting buying opportunities for investors, especially in companies like Barrick Mining and Newmont. Here are some points to consider when evaluating these investment opportunities:
Gold Price Development
The gold price has experienced fluctuations in recent months. Currently, the price is around $3,200 per ounce, having reached higher values in the past. Experts predict that the gold price may show a moderate upward trend in the coming months of 2025, with a continuous increase from about $3,021 to over $3,151.
Factors Influencing the Gold Price
1. Economic Uncertainty and De-dollarization:
- The increasing de-dollarization of trade could drive the gold price, as countries avoid the US dollar and prefer gold as a hedge against economic uncertainties.
- Economic uncertainties, including trade conflicts, could also increase the gold price.
2. Political Factors:
- The policies of designated US President Donald Trump could also impact the gold market. Higher tariffs and an increased federal deficit could have inflationary effects, which could influence the gold price.
Barrick Mining and Newmont
1. Barrick Mining:
- Barrick Mining is one of the largest gold mining companies in the world and offers investors a solid foundation for investments in the gold sector.
- The company’s ability to produce cost-effectively and to adapt to changing market conditions could make it an attractive choice.
2. Newmont:
- Newmont is another leading gold mining company with a strong balance sheet and solid production.
- The diversification of mining locations and the ability to adapt to changing market conditions also make Newmont an interesting investment option.
Buying Opportunities
The current corrections in gold and gold stocks could present a good opportunity to invest in Barrick Mining and Newmont. These companies provide a solid basis for long-term investments in the gold sector, especially if the gold price is expected to rise in the coming months. However, investors should also consider the overall market conditions and specific companies’ performances before making an investment.