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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Sabre Gold Mines Corp > “… Gold Price Forecast: XAU/USD gains traction above $2,000

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Post by GoldenPolarBear on Dec 13, 2023 10:25pm

“… Gold Price Forecast: XAU/USD gains traction above $2,000

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Gold Price Forecast: XAU/USD gains traction above $2,000 as dovish Fed comments weaken US Dollar..."

"... The Fed policy decision matched market expectations at its last meeting of the year by maintaining the interest rate unchanged at 5.25%–5.50%. The statement was dovish on monetary policy guidance, and the Fed Chair Jerome Powell did not make much of an effort to push back against market expectations of early rate cuts. During the press conference, Powell said that the Fed is willing to cut rates even if the U.S. economy doesn’t dip into a recession in 2024.

The Fed indicated the possibility of three rate cuts by three-quarters of a percentage point in 2024. However, the fed funds futures were pricing in 1.5 percentage points of the rate cut in the next years, according to the CME FedWatch Tool..."

https://www.fxstreet.com/news/gold-price-forecast-xau-usd-gains-traction-above-2-000-as-dovish-fed-comments-weaken-us-dollar-202312140002

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