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 ounce, as of 0431 GMT, while U.S. gold futures GCv1 inched 0.1% higher to $1,655.70.
The dollar index =USD was flat on the day, hovering close to Friday’s low amid bets on less hawkish Fed and firmer sterling after Rishi Sunakwas set to become Britain’s next prime minister.
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.