Why #Gold? - One proxy to rule them all - ACF Equity Research releases its new forecasted 12-month target value (est. 03/24) of $2,400/t oz. Gold is a safe-haven asset, especially in times of economic uncertainty. Understanding its value chain allows investors to hedge against volatility in other asset classes and helps them make more informed decisions about those asset classes. Gold is increasingly used in technology, understanding the value chain can help investors understand risks associated with the gold price, e.g. the relationship with mining and processing and keep an eye on the environmental impacts of the gold value chain. Understanding gold and its role can help investors understand markets more generally including using it as a proxy to understand the impacts on markets of global monetary policy changes, other macroeconomic factors and geopolitics. #ResponsibleMining #ValueChain #goldrecycling #ESG. #ACFValueChain https://lnkd.in/eQJCRPJP OTC Markets Group World Gold Council Perpetua Resources
#Gold - Our new 12m target $2400/oz (03/24). The value chain highlights the economic importance of gold. Just an asset for economic/political uncertainty? #ACFValueChain https://lnkd.in/eQJCRPJP $NEM $AEM $FNV $GOLD $WPM $AGI.TO $AU $FRES.L $BTO.TO World Gold Council Perpetua Resources
