Gold prices continued to trend higher after breaking out on Friday. Despite the greenback holding steady, the decline in U.S. yields buoyed the yellow metal.
The solid U.S. PPI report released on Tuesday by the Labor Department showed that part of wholesale inflation is decelerating. Heavy buing in U.S. yields, given the Fed’s stance that rate will remain unchanged while quantitative easing is unwound, will likely continue to buoy gold prices.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.