Investors are eagerly awaiting the price development of important metals.
The gold price has made a strong start to the year. Despite high interest rates, the precious metal has already held up very well in 2023. In 2001, an ounce of fine gold cost 250 US dollars. The price has risen significantly in recent years and although the jewelry industry is actually sensitive to rising prices, demand has been relatively stable. This comes primarily from China and India. The largest demand category in 2023 was bars and coins. In Germany, however, demand in the coin and bar sector has fallen significantly. In contrast, demand for gold in China is high, with experts predicting continued enormous interest from Chinese investors this year, especially for coins and bars. The biggest story on the demand side is being written by the gold-hungry central banks. Interest rate cuts in the USA would certainly be good for the gold price. The US elections could also lead to a volatile US dollar and thus drive up the gold price.
Many industry experts do not expect platinum and palladium to perform as well as gold. These metals are in plentiful supply and South Africa produces them diligently. They are mostly used as catalytic converters in vehicles with combustion engines. Platinum is generally expected to fetch higher prices than palladium. Copper is a metal that is in high demand in industry. The copper price also depends on the easing of monetary policy and, above all, the global economic recovery. Most analysts are positive and expect upward potential. For the next one to one and a half years, analysts often forecast a price of USD 12,000 per tonne of copper or even significantly higher.
If the demand for copper and the price increases, Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ -, for example, should be pleased, as the company focuses on copper and precious metals in South America.
Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is involved in gold and platinum metals and increasingly also battery metals with its projects in South Africa and the USA.
Current company information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -).
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