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Panthera Resources Plc

Gold prices surge to more than five-year high

Gold prices spiked during Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts.

Spot gold prices surged to levels not seen in more than 5 years. As of 3:09 am ET Thursday, it was 1.62% higher at around $1,381.94 per ounce. Gold futures also saw strong gains to $1,385.40 per ounce. They had earlier soared 3% to $1,397.70 per ounce, according to Reuters.

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.