Gold price back above $2,000

Gold prices climbed back above the $2,000 an ounce level on Tuesday as renewed tensions between the US and China boosted demand for haven assets.

The US dollar also continued to decline, with the dollar index now at its lowest since May 2018, making gold relatively cheaper to hold than other currencies.

Spot gold was up 0.6% to $2,000.04 per ounce by 11:30 a.m. EDT after reaching an intraday high of $2,014.70. US gold futures for December delivery also advanced by 0.6% to $2,012.90 per ounce.

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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