Gold prices, which have risen nearly 46% over the past year, are projected to reach $3,000 per ounce by the end of 2024, driven by factors like lowered Federal Reserve interest rates, increasing geopolitical tensions, and renewed investor interest according to Newsweek. As of October 3, 2024, gold is priced at $2,642.45 per ounce, and experts like Nick Fulton and Matthew Jones predict that further geopolitical escalations, particularly in the Middle East, could rapidly push prices beyond the $3,000 mark. Historical trends, such as the 1979 Soviet invasion of Afghanistan, show that global conflicts often drive up gold prices, making it a safe-haven investment in times of uncertainty. (Source: https://www.newsweek.com/gold-prices-close-3000-milestone-1963074)
Similarly, Vior Inc. (VIO.v VIORF) has risen nearly 60% in the past month, fueled by its 60,000m drill program at the Belleterre Gold Project.
Expected to run through mid-2025, the program aims to explore high-priority targets identified through extensive geological work at the project which previously produced over 750,000 oz of gold and 95,000 oz of silver between 1936 and 1959.
For more information, refer to this deep dive: https://www.reddit.com/r/RichTogether/comments/1ft7ywg/with_21m_in_the_bank_and_just_a_42m_market_cap/
Posted on Behalf of Vior Inc.