Gold futures on Thursday scored their biggest daily gain since March, with prices settling at their highest in seven weeks, as benchmark U.S. bond yields pulled back and rising U.S. tensions with China and Russia boosted the metal’s haven appeal.
Gold also moved up after a series of good reports on the health of the U.S. economy, which provided some support for bullion given the threat of inflation.
The climb in U.S. tensions with China, as well as Russia, “may be encouraging some safe-haven buying” of the metal, said Michael Armbruster, managing partner at Altavest.
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.