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The month of November has not been particularly great for those involved in the trade of gold, as the precious metal continued a perilous slide. On November 12, the prices fell further and hit the lowest levels in two months. The decline was primarily a function of the rising strength of the United States dollar and a significantly positive outlook with regard to stronger economic growth under the new President Donald Trump.
There appears to be an expectation among investors that a larger pivot may also be on the horizon following the election results. The price of spot gold had declined by 0.7% yesterday to decline to $2600.93 an ounce. At one point it had hit $2589.59, which was the lowest level since September 20, 2024.
Amidst the decline in the price of gold, it may be a good time for investors to perhaps seek opportunities in gold exploration companies with the hope of a recovery in the price of gold. One of the companies that could be tracked at this point is Clifton Mining Company (OTC:CFTN).
It had been established back in 1993 and has emerged as one of the notable players in the field. In addition to the exploration of gold, the company is also involved in the exploration of silver and lead. It may be a good time to keep it in your watch lists.