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Panthera Resources Plc

Wells Fargo turns positive on gold, here’s how the firm sees it going

With gold trading around one-month lows, the Wells Fargo Investment Institute is getting bullish.

John LaForge, the firm’s head of real asset strategy, sees gold regaining its luster and delivering profits for investors.

“When your stock corrections are in the 10 to 15 % level, which is kind of what we are in now, what we often find is that investors go out and search for some kind of insurance,” he said Tuesday on CNBC’s “Futures Now.” “They typically will buy gold — even on a bounce in stocks.”

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.