Bart Melek, Head of Commodity Strategy at TD Securities (TDS), said in the latest client note, gold prices will eventually turn out a winner, in the wake of the US-China tensions and global efforts to drive inflation higher.
Key quotes
“I think the potential for a new trade war with China could be a trigger for new gold buying.
Governments and central banks have said that they will do whatever it takes to drive economic growth back to normal levels.
This reaction will drive inflation and push real yields back down and gold prices higher.”
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.