Current analysis: Gold price rises after weak inflation data - what about silver, oil & Co? Stay informed with the weekly newsletter from financial expert Markus Bußler! Register now for free.

Current analysis: Gold price rises after weak inflation data - what about silver, oil & Co? Stay informed with the weekly newsletter from financial expert Markus Bußler! Register now for free.

According to a report by www.deraktionaer.tv, the price of gold rose significantly on Tuesday after inflation data was weaker than expected. Silver also joined the rally. Markus Bußler states that silver has now approached the resistance area at $23.50/24.00, which has already been unsuccessfully tested several times, and a breakout would significantly improve the chart picture. He also suggests that overall conditions for gold look good. The market expects interest rates to remain unchanged at the Fed meeting in December. The US dollar has recently ended its run-up, US Treasury yields are on the decline and some silver mines are showing signs of strength.

It is interesting to note that Australian gold producers are not really following suit at the moment, even though the price of gold in Australian dollars is near its all-time high. When it comes to individual stocks, Fortuna Silver is performing strongly, boosted by good quarterly figures. At Newmont, Paulson and Co exited in the third quarter, which is not particularly surprising given their performance. In addition, thanks to new hopes for China, the price of iron ore has risen towards $130 per ton for the first time in months, which could be a pioneer for industrial metals.

These developments are expected to have a positive impact on the market for precious metals and certain mining stocks. If the general conditions continue to improve as described, increased demand for gold and silver is expected, which could have a positive effect on prices. Investors should monitor developments closely and, if necessary, adapt their investment strategies accordingly.