Bullboard - Stock Discussion Forum GGX Gold Corp. V.GGX

Alternate Symbol(s): GGXXF

GGX Gold Corp. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties. The Company is focusing its financial resources on the Gold Drop property option. Gold Drop property is situated in prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The Greenwood mining camp is located in southern British... see more

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TSXV:GGX - Post Discussion

GGX Gold Corp. > Many Say Gold Will Top 2000$ An Ounce Sooner Then Later .

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Post by Goldy63 on Jul 09, 2020 5:25pm

Many Say Gold Will Top 2000$ An Ounce Sooner Then Later .

Analysts at Citi say gold prices will “trade stronger for longer” and see them possibly topping $2,000 an ounce and posting new highs in the next year or two.

“We now expect spot gold prices to trade stronger for longer, possibly breaching $2,000/oz and posting new cyclical highs at some point in the next year or two,” the analysts said in a note published Tuesday.

“From a birds-eye view, low(er) for longer nominal and real interest rates, escalating global recession risks—exacerbated by U.S.-China trade tensions—heightened geopolitical rifts amid rich equity and credit market valuations, coupled with strong central bank and investor buying activity, are all combining to buttress a bullish gold market environment.

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