- Bank of America notes that gold remains “the ultimate perceived safe-haven asset.”
- While demand for gold grows, the industry faces challenges in maintaining adequate supply.
- New initiatives at Parbec intended to increase deposit knowledge base and move production forward.
According to a Bank of America analyst, gold could reach $3,000 per ounce next year (https://ibn.fm/NRDTZ), a forecast welcomed by those in the gold space, including Renforth Resources (CSE: RFR) (OTCQB: RFHRF), an active mineral exploration company.
“Bank of America released a bullish note on gold [in October], just as the precious metal reached new record highs at $2,696 per ounce,” a Benzinga article reported. “Gold remains ‘the ultimate perceived safe-haven asset’ in today’s macroeconomic environment, according to Bank of America’s…
NOTE TO INVESTORS: The latest news and updates relating to RFHRF are available in the company’s newsroom at https://ibn.fm/RFHRF
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