Gold prices surged on Friday after a senior US Federal Reserve official warned that a possible second wave of COVID-19 infections could prolong economic shutdowns and disrupt the economic rebound.
“So far, in the United States, efforts to contain the virus have not been particularly successful,” Boston Federal Reserve President Eric Rosengren said.
“This lack of containment could ultimately lead to a need for more prolonged shut-downs, which result in reduced consumption and investment, and higher unemployment.”
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.