Gold futures were trading higher on Monday near two-month high as a weaker dollar and lower US Treasury yields supported prices. However, the deteriorating health crisis in India also led to gains. Silver futures declined.
The dollar index was languishing near a one-month low against its rivals, making gold less expensive for other currency holders. Benchmark US 10-year Treasury yields edged lower towards multi-weeks low touched last week. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold.
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.