Gold is off to a bright start this week as the metal trims steep losses from the prior week’s nearly 2% selloff. The threat of a more aggressive Federal Reserve dragged sentiment across the precious metals group. While a more hawkish Fed rate hike path still looks likely, gold is benefiting from an outsized move in inflation expectations.
Market-based inflation expectations, via breakeven rates, began to rise this week. Breakeven rates measure the gap between a Treasury yield and its inflation-indexed (real rates) counterpart. A rise in that measurement is friendly for gold given its inflation-hedging appeal.
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.