Gold prices firmed on Tuesday as U.S. Treasury yields eased, while investors awaited a U.S. Federal Reserve meeting which is likely to tackle concerns over rising inflation.
Spot gold rose 0.2% to $1,735.76 per ounce by 0600 GMT, while U.S. gold futures were up 0.4% to $1,735.90.
“At the moment, gold is gaining on declining yields and investors are taking the opportunity to buy gold at a still lower price, betting on long-term uncertainties like lower interest rates and higher inflation,” said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai.
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.