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Panthera Resources Plc

Gold hits six-year high as trade growth concerns boost demand

Gold prices jumped more than 1% to their highest in more than six years on Monday, as the escalating trade war between the United States and China along with global growth worries drove investors towards safe-haven assets.

Spot gold was up 1.1% at $1,456.51 per ounce as of 0725 GMT, after hitting its highest since May 2013 at $1,459.47 earlier in the session.

U.S. gold futures rose 0.8% to $1,468.50 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.