Gold edged higher through the early European session and was last seen trading near the top end of its daily trading range, around the $1695 region.
Following a modest $10 bearish gap opening on the first day of a new trading week, the precious metal attracted some buying near the $1675 region and moved back to retest 50-day SMA support breakpoint. The uptick lacked any obvious fundamental catalyst and could be solely attributed to a subdued US dollar price action.
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.