The price of gold is expected to rise to upwards of $1,300 per ounce
It was announced that the Bank of China would soon become the first Chinese bank to help set gold prices. Analysts suggest that this move would "lead to more trading volumes and greater price transparency."
Rimrock Gold Corp. could see a reaction to the rise in momentum that this market is starting to see.
A few weeks ago, Rimrock Gold Corp. announced that new, more advanced targeting concepts are being implemented at its Ivanhoe Creek property in the high-grade Midas-Hollister Gold Trend in northern Nevada, which holds 22 unpatented lode-mining claims. Rimrock's main exploration assets comprise a 100% interest in the Rimrock, Ivanhoe Creek, Silver Cloud, and Pony Spur gold-silver properties in Nevada. Since making the announcement, shares of RMRK have increased in price by as much as 200% after hitting highs of $0.0009 over the last several weeks. Volume has also increased as more attention has risen along with the speculation surrounding the gold market.