Gold prices reclaimed the $1,900 mark on Thursday to post their highest finish in nearly two weeks, with analysts attributing the advance for the yellow metal to less than stellar economic data and traders hedging bets ahead of the important U.S. jobs report on Friday.
“Gold prices are soaring as traders are concerned about the fragile economic data,” said Naeem Aslam, chief market analyst at AvaTrade.
Consumer spending rose 1% in August, but the increase was the smallest since the U.S. reopened, and the Institute for Supply Management said its manufacturing index slipped to 54.6% in September from 56% in the prior month.
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.