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 > “ Gold clings to record high on growing US rate-cut bets

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Post by GoldenPolarBear on Jul 18, 2024 9:13am

“ Gold clings to record high on growing US rate-cut bets

"...

Gold clings to record high on growing US rate-cut bets..."

"... Gold prices firmed on Thursday to hover near a record peak hit in the previous session, as traders ramped up bets of an earlier start to interest-rate cuts by the U.S. Federal Reserve, constraining gains in the dollar and Treasury yields.

Spot gold was up 0.3% at $2,464.90 per ounce as of 1155 GMT, having hit an all-time high of $2,483.60 on Wednesday. U.S. gold futures also climbed 0.3% to $2,468.20.

This stock is lost in the doldrums as GOLD has definitely spiked. Frustrating!

https://www.reuters.com/markets/commodities/gold-shines-rising-fed-rate-cut-outlook-2024-07-18/