Gold has been on an unprecedented rally in 2024, continuing to break record highs having surpassed $2,700 on Friday and attracting attention from investors worldwide. Phil Streible, chief market strategist at Blue Line Futures, attributes the rally to declining inflation expectations, a dovish Federal Reserve, and weakening energy prices.
With interest rate cuts being priced in, the bond market is pushing higher, and gold—benefiting from its inverse correlation with the dollar—is expected to continue its climb. Streible also points to geopolitical tensions and upcoming U.S. election-related volatility as factors driving investors to seek safety in gold and other precious metals. (Source:
https://finance.yahoo.com/video/expect-gold-rally-past-record-150405679.html)
Amid its 60,000m diamond drill program Vior Inc. (VIO.v VIORF) an update having completed the first 19 holes for a total of over 4,000m drilled at its Belleterre Gold Project. Located in Quebec’s historic Belleterre Greenstone Belt, VIO has two drill rigs focused on high-priority targets within the Belleterre Mine Trend where findings align closely with the geological model, supporting potential extensions beyond known mineralized zones. With over 1,200 core samples having been sent for analysis, assay results are pending:
https://x.com/StckMasterFlash/status/1846983095352021504 Posted on Behalf of Vior Inc.