Attention Labor Market Data! Will gold soon take off? Kobo Resources, Barrick Mining, Mercedes-Benz

Is the prospect of falling US interest rates driving gold?

Falling key interest rates in the US have often boosted the price of gold in the past. The reasons for this are the relative decline in the attractiveness of the dollar, which yields less after an interest rate cut, and the increasing prospect of a creeping loss of value due to inflation. Low interest rates favor investment and consumption, causing the inflation rate to rise. Gold typically shines when interest rates are low and uncertainty is high. This is also reflected in capital flows: professional and private investors are turning to gold ETFs, and central banks are continuing to build up their gold reserves out of concern about inflation and geopolitical risks. In this situation, investments in gold assets are an attractive option.

Barrick Mining with record cash flow

One of the traditional top addresses for gold investments is mining giant Barrick Mining. Barrick operates a whole series of mines on several continents. Examples include the joint venture with Newmont called Nevada Gold Mines in North America, as well as mines in Africa, Latin America, and the Middle East. This global diversification reduces cluster risks, but also brings with it geopolitical challenges. For example, Barrick sometimes has to manage complex political risks in countries such as Mali or contend with other uncertainties. Barrick attempts to reduce risks through ESG and community relations, but the large number of projects in different jurisdictions sometimes makes this challenging.

Barrick's financial strength is benefiting significantly from the gold rally: In the third quarter of 2025, the Company achieved record revenues of USD 4.1 billion and generated operating cash flow of USD 2.4 billion – also a record figure. The bottom line was a quarterly profit of USD 1.3 billion, corresponding to USD 0.76 per share. That is more than 2.5 times as much as in the previous year. Thanks to sharply higher profit margins and increased production volumes, Barrick is enjoying comprehensive cash flows and has announced share buybacks and investments at the same time. After Barrick has faced uncertainties with its mine in Mali in the past, the majority of these investments are likely to flow into safer jurisdictions.

Kobo Resources: Promising projects in Côte d'Ivoire

**In addition to Western mining countries such as Canada and Australia, there are also promising investment targets on the African continent. Ivory Coast has been home to various gold producers for several years and has promising deposits. In August of this year, Canadian company Kobo Resources raised CAD 3.9 million to finance drilling programs on its properties in Côte d'Ivoire. Kobo Resources' flagship property is the Kossou Gold Project, located approximately 20 km northwest of the Ivorian capital, Yamoussoukro. Kobo holds a 100% interest in Kossou, which is immediately adjacent to an existing large gold mine owned by Perseus Mining, including a processing plant.

This proximity is considered promising, as geological structures do not typically stop at land boundaries and continue underground. Since 2023, Kobo has conducted an intensive 26,000 m exploration program on its Kossou property. This drilling has been successful, with extensive gold mineralization encountered in the Jagger, Road Cut, and Kadie zones. Examples include approximately 2.50 g/t Au over 10 m and 17.3 g/t Au over 1 m. These discoveries indicate a coherent system, particularly along the Contact Zone Fault. Based on the data available to date, Kobo is targeting the release of a maiden mineral resource estimate (MRE) for Kossou in the first quarter of 2026.** Such resource estimates are often crucial for junior companies in the commodities sector, as they report resources according to standardized norms and can thus serve as an initial indicator for potential investors or cooperation partners.

Kobo shares: Resource estimate could provide a boost in 2026

Beyond Kossou, Kobo Resources is advancing the Kotobi project. Initial exploration measures have identified soil anomalies containing gold. Small-scale mining is also taking place in the immediate vicinity. This is often seen as an indication of further potential. However, concrete drilling is still pending at the Kotobi project. Kobo Resources' stock is a speculation on the development of existing properties, all of which are located in the well-known West African Birimian greenstone belt, which has already produced several mines. If the resource estimate planned for 2026 is convincing, the stock could take off. With a market capitalization of around CAD 26 million, potential production is far from being priced in. Large gold producers such as Barrick could also take notice of Kobo Resources. The stock is suitable for experienced investors with a corresponding risk profile. For those who prefer a more conservative approach to gold, established producers like Barrick Mining and others are worth considering.