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Panthera Resources Plc

Gold rebounds as recent plunge opens door for bargain hunters

Gold jumped on Tuesday as a five-session decline in the bullion market led bargain hunters out in force, with the Federal Reserve’s announcement to relaunch financial crisis-era purchases of short-term corporate debt offering further support.

Platinum and palladium also bounced back, recovering from Monday’s meltdown on concerns of a global recession.

Spot gold jumped 1.5% to $1,536.62 per ounce. U.S. gold futures soared 3.3% to $1,535.60.

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.