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Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s):  SGLDF

Metals & Mining Gold
Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of surface area and mineral rights in La Paz County, Arizona, within a 50 square kilometer land package. It controls over 546 federal unpatented mining claims and two Arizona state mineral leases which together comprise the Copperstone Project area. The federal claims cover approximately 10,920 acres. It also holds other investments and projects at various stages of development.


TSX:SGLD - Post by User

Sabre Gold Mines Corp > “… Gold Price Forecast: XAU/USD gains traction above $2,000
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Post by GoldenPolarBearon Dec 13, 2023 10:25pm
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Post# 35783632

“… Gold Price Forecast: XAU/USD gains traction above $2,000

“… Gold Price Forecast: XAU/USD gains traction above $2,000

"... 

Gold Price Forecast: XAU/USD gains traction above $2,000 as dovish Fed comments weaken US Dollar..."


"... The Fed policy decision matched market expectations at its last meeting of the year by maintaining the interest rate unchanged at 5.25%–5.50%. The statement was dovish on monetary policy guidance, and the Fed Chair Jerome Powell did not make much of an effort to push back against market expectations of early rate cuts. During the press conference, Powell said that the Fed is willing to cut rates even if the U.S. economy doesn’t dip into a recession in 2024.

The Fed indicated the possibility of three rate cuts by three-quarters of a percentage point in 2024. However, the fed funds futures were pricing in 1.5 percentage points of the rate cut in the next years, according to the CME FedWatch Tool..."


https://www.fxstreet.com/news/gold-price-forecast-xau-usd-gains-traction-above-2-000-as-dovish-fed-comments-weaken-us-dollar-202312140002

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