Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s): GMTNF

Metals & Mining Gold

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company considers itself to operate in a single segment, being the production of crushed ore, containing both gold and... see more

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Gold Mountain Mining Corp > “What’s Next for Gold? Look to China for Clues Gold buying

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Post by GoldenPolarBear on Mar 26, 2024 6:04pm

“What’s Next for Gold? Look to China for Clues Gold buying

"... What’s Next for Gold? Look to China for Clues

Gold buying in the country has helped fuel recent surge—and could protect against downturn..."

https://www.wsj.com/finance/commodities-futures/whats-next-for-gold-look-to-china-for-clues-a0ef2447

"... Summary

Gold consumption during the longer-than-usual 2024 Chinese New Year’s (CNY) holiday was robust, based on preliminary data1
Indications for 2024 are that gold jewellery demand will be stable, albeit rising at a slower pace than 2023 mainly due to a deceleration in economic growth
Bar and coin sales should stay strong but are unlikely to replicate 2023’s significant growth

https://www.gold.org/goldhub/gold-focus/2024/02/spring-festival-sees-healthy-gold-consumption...-what-lies-ahead