Gold edges up as dollar weakens

Gold prices edged up on Thursday in thin year-end trading, as the safe-haven dollar weakened following encouraging studies on the Omicron COVID-19 variant and rising optimism about the global economic outlook.

Spot gold rose 0.1% to $1,804.73 per ounce by 0625 GMT, adding about 0.5% for the week so far in what could be its second straight weekly gain. U.S. gold futures climbed 0.3% to $1,807.00.

Early trading in Asia saw a global share rally continue and the dollar slide as markets welcomed signs that the Omicron variant of COVID-19 might be less severe than feared, while robust U.S. economic data also helped.

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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