Gold price up 20% so far this year as investors turn to precious metal to protect wealth

Gold prices have increased significantly in recent weeks as people have turned to the yellow metal as a safe haven asset amid plummeting share prices. On Tuesday, the price of gold produced by Aneka Tambang reached Rp 924,000 (US$56.67) per gram, a 20 percent surge year-to-date (YTD).

During the past week alone, the price of the yellow metal gained 7.55 percent. Meanwhile, the global gold price rallied by 9.9 percent in the past two weeks to US$1,643 per ounce on Monday, after it had fallen to $1,495 per ounce on March 16, according to data from monex.com. 

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Panthera Resources Plc

More articles like this

Panthera Resources Plc

Gold advances

Gold prices rose as soon as the U.S. Federal Reserve announced that it may slow the pace of interest rate hikes in the future. Gold prices bounced above the key $1,750 an ounce level on Thursday, consolidating gains

Panthera Resources Plc

Gold steadies near 3-month high

Gold hovered near a three-month high on Tuesday, as a top U.S. central bank official’s comment raised hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes, while an uptick in the dollar kept

Panthera Resources Plc

Gold price surge sharply

Gold price surged sharply in the Kerala market. Sovereign gold is priced at Rs 37,880, higher by Rs 440 per 8 gram. One gram gold is trading at Rs 4735, up by Rs 55. In the last 2

Panthera Resources Plc

Gold gains Rs 51

Gold price in the national capital gained Rs 51 to Rs 50,964 per 10 grams on Wednesday amid weak rupee, according to HDFC Securities. In the previous trade, the gold had touched Rs 50,913 per 10 grams. Silver,

Panthera Resources Plc

Gold prices edge higher

Gold prices edged higher on Tuesday, buoyed by a subdued dollar after soft U.S. economic data raised hopes that Federal Reserve could begin to slow monetary policy tightening later in the year. Spot gold XAU= rose 0.2% to $1,651.85 per

Panthera Resources Plc

Yellow metal gains strength

Gold prices rose on Monday, supported by technical trading after the previous session’s steep fall and a pause in the dollar rally. However, an impending oversized rate hike by the US Federal Reserve limited bullion’s appeal. A “hotter-than-expected”

Panthera Resources Plc

Gold edges higher

Gold prices edged higher on Wednesday helped by a slight pullback in the dollar, as investors look to minutes from the U.S. Federal Reserve’s September policy meeting and inflation data for clues on its rate hike path. Spot

Panthera Resources Plc

Yellow metal gains some strength

Gold prices edged higher on Monday on the back of softer dollar, despite rate hike fears worldwide, following their aggressive monetary policies, capping gains in bullion. Spot gold XAU= rose 0.3% to $1,663.99 per ounce, as of 0416 GMT. U.S.

Panthera Resources Plc

Gold bounces off 2½-year low

Gold bounced off a 2½-year low on Tuesday as a slight pullback in the dollar and U.S. Treasury yields helped tide over some pressure from prospects of more aggressive U.S. rate hikes. Spot gold was up 0.7% at

Panthera Resources Plc

Gold price ticks up as dollar slips

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%

Panthera Resources Plc

Gold prices rises on softer dollar

Gold prices rose on Friday helped by a dip in the dollar, but expectations of more interest rate hikes capped further gains as U.S. Federal Reserve Chair Jerome Powell reiterated the central bank’s commitment to tame inflation. Spot

Panthera Resources Plc

Panthera Resources discovers significant gold at Labola

Gold exploration and development company Panthera Resources Plc (LON:PAT), with assets in West Africa and India, has announced the Labola assay results from the June 2022 drilling programme completed by Moydow.  The Project has an Indicated Mineral Resource of 264,000oz

Panthera Resources Plc

Gold gains on softer dollar

Gold prices rose on Tuesday, buoyed by a pullback in the dollar and safe-haven buying due to economic slowdown concerns, though prospects of aggressive rate hikes capped further gains. Spot gold rose 0.5% to $1,718.21 per ounce, as of

Panthera Resources Plc

Gold recovers from one-month low

Gold prices reversed course to trade higher on Monday as a dollar rally lost its steam, having pushed bullion to one-month lows earlier in the session after the U.S. Federal Reserve signalled higher interest rates. Spot gold rose 0.3%

Panthera Resources Plc

Gold gains on dollar pullback

Gold rose on Tuesday, snapping six straight sessions of losses, helped by a pullback in the dollar and lower Treasury yields following weak U.S. business activity data. Spot gold rose 0.9% at $1,750.59 per ounce by 10:33 ET (1433

Panthera Resources Plc

Gold price to rebound when Fed pivots

Gold stands to rebound when the Federal Reserve pivots to easier monetary policy after about a year, although prices may see a slight drop before that as the US central bank goes on shrinking its balance sheet, according

No more posts to show