Gold prices edged up on Thursday to recover from a near nine-month low hit in the previous session, although higher U.S. Treasury yields continued to weigh on the non-yielding bullion’s appeal.
Spot gold XAU= was up 0.2% at $1,714.27 per ounce by 0051 GMT, having dropped to their lowest since June 9 at $1,701.40 on Wednesday. U.S. gold futures GCv1 dipped 0.2% to $1,712.80.
Benchmark U.S. Treasury yields held near 1.5%, increasing the opportunity cost of holding bullion, which pays no returns.
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.