Gold prices staged a slight recovery on Wednesday as some investors resorted to bargain hunting after a more than two per cent fall in the previous session, while the focus was also on minutes of the US Federal Reserve’s last monetary policy meeting.
Spot gold rose 0.2 per cent to $1,768.19 per ounce by 0836 GMT, after it dipped to $1,762.45, its lowest since mid-December. US gold futures were up 0.3 per cent to $1,768.50. The dollar index held near its highest level since 2002. Gold prices are seeing a “correction from oversold conditions,” StoneX analyst Rhona O’Connell said.
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.