Gold Prices Continue to Fluctuate Early in the Year
FinancialBuzz.com News Commentary
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NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Gold and silver performed well in 2020 as pandemic-related uncertainty gripped the global markets. To reduce the economic impact of the pandemic, various measures have been taken, including near-zero interest rates and economic stimuli for businesses and individuals. These measures may have had an impact on the price of precious metals. There is a lot of uncertainty heading into 2021 as to what the market will look like as a new presidential administration attempts to tackle the economic recovery while in the midst of an ongoing health crisis. Mining companies like Oro X Mining Corp. (TSX-V: OROX) (OTC: WRPSF), Pure Gold Mining Inc. (TSX-V: PGM) (OTC: LRTNF), Freegold Ventures Ltd. (TSX: FVL) (OTC: FGOVF), Wallbridge Mining Company Ltd. (TSX: WM) (OTC: WLBMF), and First Mining Gold Corp. (TSX: FF) (OTC: FFMGF) look to the positives of the coming year while they continue on the progress they made in 2020.