Sierra Gold (SGCP) Stands to Benefit From Rising Gold Prices
Current gold prices continue to advance on the back of a weakening dollar to regain their month-high price of $668. International investors are looking to gold as a safe-haven as concerns over the state of the U.S. economy continue to persist. Two factors are weighing heavily on investors’ minds; the overall effect that the sub-prime mortgage woes will have on the rest of the economy, and the weakening U.S. dollar. On July 13, the Euro hit an all-time high against the U.S. dollar, and the British Pound stands at a 26-year high against the dollar. Geopolitical concerns regarding the Middle…