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Panthera Resources Plc

Gold edges higher, inching back closer to multi-month tops

Gold regained positive traction on the last trading day of the week and has now reversed previous session’s modest pull-back from closer to multi-month tops.

Against the backdrop of dovish FOMC meeting, the Fed Chair Jerome Powell reiterated on Thursday that the US central bank could afford to be patient and flexible with its monetary policy going forward. Powell echoed other Fed officials’ comments and further fueled expectations that the Fed will pause its monetary policy tightening cycle in 2019.

 

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.