Gold Prices

[dan_s]

Gold Prices are rallying along with oil prices, so today I booked an interesting Canada based gold mining company to host a webinar for us on May 15.

Amex Exploration Inc. (AMX.V), together with its subsidiaries, engages in the exploration of gold mining properties in Canada. The company holds interest in the Perron project and the Lebel-sur-Quévillon project located in Quebec. It also holds interest in the Eastmain River South, North, and Central projects located in Chibougamau, Quebec. The company was formerly known as Coleraine Mining Resources, Inc. Amex Exploration Inc. was incorporated in 1986 and is based in Montreal, Canada.

Gold Price update from Trading Economics:
"Gold prices rose past $2,320 an ounce on Friday, touching a new record high and building on the gains for the third straight week. The precious metal has been supported by US interest rate cut bets, speculative buying and central bank purchases, amid strong US job growth in March. The country's economy added the most jobs in 10 months, while jobless rate dropped below forecasts, indicating the continued tightness in the labor market and supporting the case for the interest rates to remain restrictive longer. On Thursday, Minneapolis Fed President Neel Kashkari stated that if inflation remains stubbornly high, rate cuts may not be necessary this year. Earlier, Fed Chair Powell emphasized on the need for sustained evidence of inflation nearing the 2% target before considering rate cuts. Investors await upcoming inflation data in the US next week, which could impact the Fed's decision-making in the coming months."