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Goldplat plc

Gold prices extend gains

Gold prices extended gains to inch closer to the $2,000 mark on Tuesday as the dollar weakened, with traders also focusing on minutes from the U.S. Federal Reserve’s last policy meeting set to release this week.

Spot gold rose 0.2% to $1,990.13 per ounce by 0351 GMT. U.S. gold futures inched up 0.1% to $1,999.70.

Prices of the metal had jumped on Monday, with further impetus from Warren Buffett’s Berkshire Hathaway buying a stake in major gold miner Barrick Gold Corp and retreating U.S. Treasury yields.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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