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Panthera Resources Plc

Gold rises on economic worries

Gold prices rose on Friday as gloomy U.S. jobs data cast a shadow over the economic outlook, and major central banks pledged to roll out further stimulus if required to revive their coronavirus-battered economies.

Spot gold climbed 0.5% to $1,951.32 per ounce by 0348 GMT, having fallen to a one-week low in the previous session. It has gained 0.5% so far this week.

U.S. gold futures were 0.5% higher at $1,959.

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.