Although gold has lately lost its safety bid, that doesn’t mean its dominant intermediate-term (3-6 month) bull market is in danger of dying. As I’ll explain here, the prospects for continued gold price strength heading into the fourth quarter are good based on the likelihood of a weaker U.S. dollar.
Gold and gold mining stocks have experienced a September setback thanks to profit-taking and a decline in risk aversion among retail and institutional investors. A rebound in U.S. and global equity prices this month has underscored the willingness of investors to embrace risk now that trade war rhetoric between the world’s two biggest economies has cooled down.
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.