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W resources plc

After long slump, ‘this could be gold’s year’

Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility.

Prices are also being supported by a weaker dollar and buying by global central bankers and Asian jewelry buyers.

Gold futures closed above the key $1,300 per troy ounce this week, and the February contract closed at a high of $1,308.90 Tuesday. Gold had fallen into a slump last summer and had been held back by a soft demand picture

 

W Resources PLC (LON:WRES) is building a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.