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Since March, the price of gold has gone up at a steady pace, and the situation has continued into August. The continued bull market in the precious yellow metal has been triggered by a range of factors. Some of those factors include higher interest rates, higher inflation, and political uncertainty owing to an upcoming presidential election. In such a scenario, it is only natural for investors to consider taking a look into gold exploration and production companies like Clifton Mining Company (OTC:CFTN).
In times of significant uncertainty, gold can often be a safe investment and helps in protecting capital, as per experts. In such an investment climate, investors are known to converge on safe assets like gold, and that led to the remarkable rally in the price of gold. In August, the price of gold went past the $2500 per ounce mark, and hence, it could be the right time to consider looking into Clifton Mining (OTC:CFTN).
Clifton Mining had been established in 1993 as a natural resources company involved in the production of lead, silver, and gold. The company produces those metals at its own property, spanning an area of 14027 acres situated on the Nevada-Utah border. The property in question boasts of both lode claims as well as patented claims. The company also owns a production mill, which commands a capacity of 250 tons a day. Moreover, Clifton Mining has been one of the few companies to have continued to grow despite the prolonged two-decade-long bear market in metals prices. This could be a stock to watch amidst the rally in gold.
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