With two weeks to go before the new year, gold prices look to end 2019 more than 15 percent higher – the biggest annual climb since 2010.
The rise in demand comes as investors worry about a possible downturn in equities amid global economic risks. The relatively low interest rates across the globe also contributed to gold’s gains this year.
The World Gold Council’s chief market strategist John Reade said that while there’s been some pressure on gold prices due to a recovery in October and November in line with expectations for the global and U.S. economy, the outlook for gold prices in 2020 remains positive.
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.