Gold was up on Monday morning in Asia, hitting a more than one-week high. A weakening dollar continued to support the greenback-priced yellow metal, even as rising U.S. Treasury yields capped gains.
Gold futures rose 0.62% to $1,853.46 by 1:13 AM ET (5:13 AM GMT), with prices hitting their highest since May 12 at $1,853.55 earlier in the session.
“The jury is still out as to whether gold has weathered the storm in the medium term, or is it merely rallying in response to a sustained pullback by the U.S. dollar,” OANDA senior analyst Jeffrey Halley told Reuters.
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.