Gold stocks stable

Gold prices in yesterday’s New York trading improved from $ 1,696 to $ 1,706 / oz. Gold trading in Shanghai and Hong Kong has shown little change this morning and is currently trading at $ 1,706 / oz, $ 6 / oz above the previous day’s level. Gold mining stocks are stable worldwide. From the world financial crisis to the crack-up boom (disaster boom)Deutsche Bank reports a pre-tax profit of EUR 0.2 billion for the March quarter and exceeds the expectations of the most optimistic analysts.Comment: No analyst could count on the Corona bailout funds.

 

The precious metal markets

On a euro basis, the gold price can rise at a somewhat firmer dollar (current price 50,632 euros / kg, previous day 50,064 euros / kg). On April 14th, the gold price reached the target price range between $ 1,700 and $ 1,900 / oz after a long upward movement and has been valued fairly again for many years. Due to the lack of alternative investments, it is advisable to remain fully invested in gold, silver and precious metal stocks even at the beginning of an expected exaggeration phase.