Gold Companies Expand Exploration And Production

NEW YORK, NY - The gold market is once again heating up as the US dollar weakens and crude oil prices solidify. Global stock markets have weakened in recent weeks and key markets are experiencing high inflation, signaling that market lows could continue into the year. Federal Reserve Chairman Jay Powell gave testimony to the Senate Banking Committee on February 23, noting that "economic recovery remains uneven and far from complete, and the path ahead is highly uncertain." This uncertainty may signal a big few months for the gold industry as companies like Fury Gold Mines, Barrick Gold Corp, Newmont Corporation, AngloGold Ashanti, and Agnico Eagle Mines Ltd expand and ramp up exploration and production at key gold properties.

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