Gold is taking the bids around $1293.50 ahead of the European open on Monday. The yellow metal recently recovered from near $1287 level during Friday after positive news report favouring the US-China trade deal pleased the bullion buyers. The upbeat sentiment got stretched during early Monday as investors react to China’s welcome figures of purchasing managers’ index (PMI). Risk events and the US data will be in the spotlight going forward.
Georgian Mining Corporation (LON:GEO) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.