- GEMXX expects the growing demand for Ammolite, coupled with the positive outlook for gold prices, to support significant growth over the next 24 months
- Last year, GEMXX moved to complement its Ammolite operations with the purchase of gold assets in Canada
- The price of gold has held steady above US$2,000 per ounce, coming off a record-breaking 2023 when it rallied to a record-high year-end close
- The future looks promising for gold because it is projected to reach new highs in the coming months, according to GEMXX
The price of an ounce of gold rallied to a record high year-end close last year, ending 2023 at US$2,078.4, according to the World Gold Council (“WGC”). To get to this price, the value of the precious metal, which is considered a traditional safe-haven asset, had increased by 15% over 12 months, as indicated by its annual rate of return. Moreover, the average 2023 gold price of US$1,940.54/oz, also a record, was 8% higher than the average 2022 gold price, with the WGC noting that this price rally reflected strong demand (https://ibn.fm/0lSdT).
Today, the gold price has held steady above US$2,000 per ounce and is projected to reach new highs in the coming two years, according to GEMXX (OTC: GEMZ), a market-to-market gold, gemstone, and jewelry producer with global reach that owns mining resources, production facilities, and operating…
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
[email protected]
MiningNewsWire is powered by IBN