Gold appears to have made a remarkable comeback recently. The upcoming festive season might have something to do with it, though it is largely owing to turbulent times in the equity market, as a result of global trade woes and a gloomy economic outlook. Volatility in the market has pushed investors towards the ‘safe haven.’
The yellow metal surged 24 per cent (gold returns calculated from LMBA prices converted to Indian rupees) in the year-ended September 16, 2019, and 20 per cent year-to-date. Historically, too, gold has done well as a safe-haven asset during choppy times in the financial markets. It just confirms the importance of gold as a diversifier in the investment portfolio. This article builds a case for gold and encourages investors to add glitter to their portfolios.
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.