- 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
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