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Blog - Latest News
central banks

Central Banks Help Determine Gold’s Value

September 19, 2019/in In the News/by Gray Leigh

Value of commodities – including gold – largely determined by central banks

Recently, the value of gold hit a 6-year high. Evidently, 2 major factories made this a reality. Firstly, the China-US trade war. Secondly, the impending recession. However, few investors factor in the effect central banks have on the commodity’s continued surge.

READ: Gold Considered Haven Asset by Investors

Indeed, the world’s central banks shape global economic policy. Their actions have monumental importance and have far-reaching implications.

Their ability to navigate the next recession will determine their respective country’s financial well-being once the bears finish feeding.

Future moves determine today’s prices

central banksConsequently, the moves made by central banks greatly affect the value of precious metals, including gold.

The future moves made by these institutions dictate the current value of all assets and commodities.

As a result, the policies they implement to combat the global recession greatly affect day traders.

Boom or bust

central banksWhile gold currently sits near $1500 per ounce, monetary restructuring to cushion economies from the coming downturn could change that. Additionally, the policies they implement will either discourage or encourage investments in areas like talent and innovation. Indeed, the former is infinitely more likely.

After all, the threat of a recession often encourages governments and companies to make decisions that accelerate the path to recession.

Meanwhile, gold’s value often runs against economic growth in times of uncertainty. The safe-haven asset is likely to attract more investor attention as the market dips.

Consequently, the moves made by central banks could favour gold – and those who hold it.

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Gold Price Hits 6-Year High

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am

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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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