Mississauga, ON -- (SBWIRE) -- 10/18/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Golden Share Mining Rallies on License Agreement with Battle Memorial Institute."
Companies mentioned in this article include Golden Share Mining Corp. (TSX-Venture:GSH).
Gold prices have edged higher in trading today on the back of a weaker U.S. dollar. However, analysts believe that the upside in gold will be limited mainly due to the fact that the Federal Reserve is likely to hike benchmark interest rates at its meeting in December. A rate hike is seen as a negative for gold since the opportunity cost to hold the precious metal increases.
Having said that, the downside in gold is likely to be limited from current levels as well. This is because lower prices will boost physical demand for the precious metal. Remember that demand for gold had been subdued at the start of this year when prices took off. Also, miners' margins will remain robust as they have made substantial adjustments during the low-price environment over the last two years.
Higher gold prices have pushed shares of Golden Share Mining Corp. (TSX-Venture:GSH) up sharply in trading today. Based in Toronto, Ontario, Golden Share Mining is a Canadian junior mining company focusing on the exploration in the province of Ontario.
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