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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

TSX:SGLD - Post Discussion

Sabre Gold Mines Corp > « … Geopolitics and central banks could keep gold demand hot
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Post by GoldenPolarBear on Dec 08, 2023 6:18am

« … Geopolitics and central banks could keep gold demand hot

"... 

Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says

  • The two most significant events for gold demand in 2023 were the collapse of Silicon Valley Bank and the Hamas attack on Israel, the WGC said, estimating that geopolitics added between 3% and 6% to gold’s performance over the year.
  • The WGC estimated that central bank demand added 10% or more to gold’s performance in 2023, and said even if 2024 does not reach the same heights, above-trend buying should still offer an extra boost to gold prices.
  • The yellow metal broke through $2,100 per ounce on Monday before moderating slightly, and spot prices were hovering at around $2,030 per ounce early Friday...."
  • https://www.cnbc.com/2023/12/08/geopolitics-central-banks-could-keep-gold-demand-hot-in-2024-world-gold-council.html
 
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