Equities have been marching higher the EURUSD is trading sub 1.0800, and gold is holding above $1600, suggesting investors are continuing to seek gold as a quality asset and hedge against the economic impact of Covid-19 amid a laundry list of global growth concerns.
Yesterday marked the 19th day in a row of gold ETF inflows; indeed, there is a significant appetite for this segment of the market to continue adding gold as a strategic part of the portfolio.
W Resources Plc (LON:WRES) engages in the exploration and development of tungsten, tin and gold properties.