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Panthera Resources Plc

Gold gains as weak economic data hints at global slowdown

Gold prices rose on Tuesday buoyed by a safe-haven sentiment emanating from weak global manufacturing data that hinted at an economic slowdown, a day after the metal declined more than 1% on expectations of a U.S.-China trade truce.

  • Spot gold was up 0.4% at $1,389.49 per ounce at 0111 GMT.
  • U.S. gold futures were up 0.2% at $1,391.70 an 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.

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