Gold rose on Thursday on concern over the logistics of a potential COVID-19 vaccine roll-out as U.S. cases continued to surge, while hopes of more fiscal and monetary stimulus offered support to the safe-haven metal.
Spot gold rose 0.7% to $1,877.36 per ounce by 01:49 p.m. EDT (1849 GMT), while U.S. gold futures settled up 0.6% to $1,873.30.
“The (gold) market is focused on stimulus and on the number of COVID-19 cases, those are continuing to rise,” said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.
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.