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Goldplat plc

Spot gold SOARS to six-and-a-half month high after volatile week for markets

Spot gold reached as high as $1,298.42 an ounce on Friday as investors rush to invest in a “safe-haven” asset before prices eased off the multi-month peak. Gold fell slightly to $1,291.68, a drop of 0.2 %, at 13:00 GMT but is still on track for a third straight weekly rise. The precious metal has rallied this week as global markets erupted in turmoil, with stocks worldwide in the red over the last couple of days as fears of an economic slowdown intensify. Anxieties over the state of worldwide finances were exacerbated after Apple issued a rare revenue warning, blaming slowing sales in China where the economy has been dented by an ongoing trade war with the United States.

 

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.

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