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Panthera Resources Plc

Gold eyes best week in over 3 years on trade

Gold firmed above the key $1,500 pivot on Friday, en route to its best week since April 2016, as an escalation in the Sino-U.S. trade dispute and fears of a global economic slowdown triggered fresh interest for safe-haven assets.

Spot gold was up 0.2% at $1,503.17 per ounce as of 0712 GMT. Earlier this week, gold prices surpassed $1,500 level for the first since April 2013.

The metal has risen 4.4% so far this week, on track for its best week in more than three years.

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.