Bullboard - Stock Discussion Forum 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... see more

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TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > Gold price rises sharply to near $2,070 after soft core PCE

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Post by GoldenPolarBear on Dec 22, 2023 5:57pm

Gold price rises sharply to near $2,070 after soft core PCE

"... Gold price (XAU/USD) advances as the United States Bureau of Economic Analysis (BEA) has reported softer-than-anticipated core Personal Consumption Expenditure (PCE) price index report for November. Monthly core PCE price index data grew at a slower pace of 0.1% against expectations and the former reading of 0.2%. On an annual basis, the underlying inflation data decelerated to 3.2% vs. consensus of 3.3% and the former print of 3.5%. In the monetary policy statement of December, Fed policymakers projected that PCE inflation, their preferred inflation tool, would decelerate to 3.2% by the end of 2023...."

https://www.fxstreet.com/news/gold-price-advances-further-as-expectations-over-federal-reserve-rate-cut-bets-deepen-202312221003