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Panthera Resources Plc

Gold edges higher as U.S. data fans slowdown fears

Gold prices edged up on Wednesday, after rising as much as 1% in the previous session, as disappointing U.S. manufacturing data fanned fears of a sharp global economic slowdown and stoked bets of further interest rate cuts.

Spot gold XAU= was up 0.2% to $1,481.76 per ounce at 0736 GMT. Prices hit a near two-month low of $1,458.50 on Tuesday, before climbing as much as 1% during the session.

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.

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