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Panthera Resources Plc

Gold Looks Headed Toward Six-Year High as Global Markets Outlook Dims

Gold is finally gaining the traction needed to boost prices to a level not seen since 2013 as concern mounts over increased trade war tensions and the global growth outlook.

Bullion may touch $1,400 an ounce this year as investors hedge risk, according to Rhona O’Connell, head of market analysis for EMEA and Asia regions at INTL FCStone Inc. Spot gold was at about $1,326 an ounce on Monday after jumping to a 13-month high of $1,348.31 on Friday on the back of a weaker-than-expected U.S. jobs report for May.

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.