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Gold prices held firm on Wednesday as investors evaluated the U.S. Federal Reserve’s May meeting minutes, which pointed to increasing inflation and recession concerns, strengthening gold’s allure as a safe-haven asset amid persistent global economic uncertainty.
A company that may be worth looking into amidst the rally is Clifton Mining Company (OTC:CFTN). It has been one of the established players in the mine sector, and since 1993 it has focused on the exploration of gold, silver, and lead. The company owns its mining property, spanning as much as 14,027 acres on the border of Utah and Nevada.
In this context, it should also be noted that Clifton Mining operates on both patented and lode claims on its property. Another important factor in favor of the company is that it operates its own production facility, and as such, it can produce as much as 250 tons a day when running at full capacity.
In light of the latest rally in the prices of gold, it should be noted that the price may rise further as central banks have continued to buy the precious metal amidst heightened political tensions and overall market uncertainties. Hence, Clifton Mining could be the one to keep an eye on today.