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Panthera Resources Plc

Gold price up 20% so far this year as investors turn to precious metal to protect wealth

Gold prices have increased significantly in recent weeks as people have turned to the yellow metal as a safe haven asset amid plummeting share prices. On Tuesday, the price of gold produced by Aneka Tambang reached Rp 924,000 (US$56.67) per gram, a 20 percent surge year-to-date (YTD).

During the past week alone, the price of the yellow metal gained 7.55 percent. Meanwhile, the global gold price rallied by 9.9 percent in the past two weeks to US$1,643 per ounce on Monday, after it had fallen to $1,495 per ounce on March 16, according to data from monex.com. 

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.