Gold prices, which recently hit a record high, are being supported by investor caution amid geopolitical tensions and uncertainty around the upcoming U.S. presidential election, according to Daniel Ghali, senior commodity strategist at TD Securities.
Despite limited evidence of substantial inflows into gold and stagnant physical markets, many large investors are holding significant amounts of the metal. This reflects anxiety about the election, making it unlikely that investors will sell gold during this period.
Geopolitical tensions, especially in the Middle East, and the U.S. Federal Reserve’s easing cycle further bolster gold’s appeal as a safe-haven asset. While central banks, particularly in emerging markets, continue to buy gold, they are not rushing to purchase at the same rate as private investors. (Source:
https://www.bnnbloomberg.ca/investing/commodities/2024/10/21/gold-prices-driven-higher-by-geopolitical-us-election-anxiety-strategist/)
Vior Inc. (VIO.v VIORF) is advancing its 60,000-meter diamond drill program at the Belleterre Gold Project, located in Quebec’s historic Belleterre Greenstone Belt, amid this unique market opportunity.
Having completed the first 19 drill holes, totaling over 4,000 meters, VIO has two rigs focusing on high-priority targets within the Belleterre Mine Trend.
Notably, early findings align closely with the geological model, suggesting potential extensions beyond known mineralized zones.
With over 1,200 core samples have been sent for analysis, and assay results pending, VIO is on track to receive further insights into the project's gold potential.
Deep Dive:
https://www.reddit.com/r/RichTogether/comments/1g5zvm9/vior_inc_tsxv_vio_hits_early_success_with_60000m/ Posted on Behalf of Vior Inc.