Gold bulls will not be locked up for much longer as gold’s hibernation is likely to come to an end soon, said Bloomberg Intelligence (BI), noting the metal’s divergent strength in Q1.
“The primary diversifier, gold, at the bottom of the performers, is more likely to move higher, notably if the dollar doesn’t. Unchanged gold is showing divergent strength vs. the primary recovery driver in 4Q — increasing stock market volatility — which has plunged in 2019,” BI’s senior commodity strategist Mike McGlone said in the May’s edition of Commodity Outlook.
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.