Although the gold market has been unable to maintain October’s momentum, one Canadian bank is not ready to give up on the precious metals just yet.
Analysts at Scotiabank said that they see further potential for the gold as the bank sees a wave of risk-off sentiment sweep through financial markets and inflation pressures rise, according to its November Metals Matters precious metals report.
KEFI Minerals (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.