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The holiday season is clearly in full swing over the Christmas-New Year week but the world of investment keeps humming and one of the major stories at this point is the recovery in the price of gold over the past few days. In November, the precious metal had hit its lowest level in two months, but that day after Christmas, the price went up as investors moved into safe haven investments amidst light trading.
There is a degree of uncertainty among investors with regard to the direction of the United States economy under the administration of the new United States President Donald Trump. The price of spot gold went up by 0.9% today to hit $2635.29 an ounce, and gold futures went up by as much as 0.7% to settle on $2653.90 an ounce.
In light of the strong recovery in the price of gold, it may be a good time for investors to look into exploration companies like Clifton Mining Company (OTC:CFTN). The company had been established in 1993 and is primarily involved in the exploration of gold, silver, and lead.
It owns a property spread across more than 140,000 acres on the Utah-Nevada border. The property in question boasts of both patented and lode claims. Clifton Mining also owns a processing facility with a capacity of 250 tons a day.