Bullion prices are often boosted from global uncertainties, with gold considered a safe haven choice for investors in times of economic or political crisis. The world economy is currently under pressure from Brexit to-ing and fro-ing, an ongoing trade war between the United States and China, as well as weakness across the eurozone economy. Gold could also flourish from the Federal Reserve’s less aggressive stance on interest rates, which were left unchanged at the end of March and indicated there will be no more hikes this year. The yellow metal tends to rise on expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding bullion.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.
