Mississauga, ON -- (SBWire) -- 02/17/2015 --AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Luna Gold Provides An Update On Operations And Corporate Activities."
Companies mentioned in this article include Luna Gold Corp. (TSX:LGC).
Article Excerpt:
It has been an interesting year for gold prices in 2015 so far. Unlike industrial metals, the precious metal has been steady since the start of this year.
Gold had finished 2014 nearly flat after falling almost 30% in the previous year. However, since the start of the year, concerns over the state of the global economy has boosted gold's safe haven appeal. And with the crisis in the euro zone continuing, investors could continue to put some money in the precious metal.
Gold will also remain strong due to solid physical demand in India, which has seen a bit of a revival in its economy. Also, from March, the European Central Bank (ECB) is going to start its quantitative easing, which will mean excess liquidity in the market. Some of that liquidity will flow into gold.
The only concern for gold is a strengthening dollar. However, gold seems to have a strong support at $1,100 an ounce. Miners therefore have some certainty over future cash flows.
Gold miners have been focused on bringing down costs and concentrate on properties that have lower cost of extraction. This way they can keep their margins healthy even in a low price environment.
This morning, Luna Gold Corp. (TSX:LGC), a Vancouver, Canada-based company provided an update on its operations and corporate activities. Luna Gold is engaged in the operation, discovery and development of gold projects in Brazil.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/482/luna-gold-provides-an-update-on-operations-and-corporate-activities.htm
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All Penny Stocks.com News: Luna Gold Provides an Update on Operations and Corporate Activities