Gold prices rose on Monday as the dollar slipped, while investors awaited U.S. inflation data for further clues on the Federal Reserve’s rate-hike trajectory.
Spot gold rose 0.6% to $1,725.70 per ounce by 1041 GMT. U.S. gold futures gained 0.5% to $1,736.90.
“The dollar has pulled off its highs and yields have stabilised, which is aiding the recovery we’re seeing in gold,” said Craig Erlam, senior market analyst at OANDA.
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.