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Panthera Resources Plc

Gold gains on weaker dollar

Gold rose to a more than one-week high on Monday as the dollar weakened and jitters over rising tensions between Washington and Beijing, as well as protests in U.S. cities, boosted demand for the metal as a haven from risk.

Spot gold was up 0.5% to $1,735.57 per ounce by 1248 GMT, while U.S. gold futures eased 0.3% to $1,745.70.

“Higher tensions between China and the U.S. are bringing safe-haven buying. Tensions within the U.S. are not helping the cause, while the dollar is pretty much on its lows,” said Afshin Nabavi, senior vice president at precious metals trader MKS SA.

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.