Home » Market News » DirectorsTalk Highlights » Gold climbs to 7-year high above $1,700 as virus fuels safe-haven bid
Panthera Resources Plc

Gold climbs to 7-year high above $1,700 as virus fuels safe-haven bid

Gold prices rose above the $1,700 per ounce level on Monday for the first time in more than seven years, after a stock market rout due to concerns over a widening coronavirus outbreak and its economic impact drove investors towards safe-haven assets.

Spot gold rose 0.7% to $1,686.22 per ounce by 0325 GMT, having touched its highest since December 2012 at $1,702.56 earlier in the session. U.S. gold futures gained 0.9% to $1,687.80 per ounce.

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.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

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