Gold prices edged higher on Monday as the 10-year Treasury yield fell for a third day. Poorer-than-expected US retail sales and consumer sentiment figures release on Friday eased market concerns about tapering Fed stimulus, pulling the US Dollar and yields lower. The real yield, as represented by the US 10-year inflation-indexed security, has declined to -0.92% from -0.87% seen mid last week. The DXY US Dollar index is hovering near an 11-week low at 90.40.
Recently, inflation fears and concerns about viral resurgence in the Asia-Pacific region remained on top of investors’ mind.
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.