Business
Gold price closing in on worst week since March – MINING.COM – MINING.com
Other precious metals are also headed for their worst week since March.
Spot gold fell 0.3% to $1,862.91 per ounce by 11 a.m. EDT, after touching its lowest since July a day earlier. US gold futures were down 0.6% to $1,865.70 per ounce in New York.
The outlook for the global economic recovery is being hit by fears that rising coronavirus cases — particularly in Europe — may lead to more national lockdowns.
Traditionally, this would have strengthened the investment appeal of safe haven assets such as gold, but falling inflation expectations do not bode well for t…
-
General20 hours agoMan dies in daylight shooting in Sydney’s north-west
-
Noosa News22 hours agoWhy the Brisbane City Hall clock has fallen silent
-
General21 hours agoMurder trial begins for man accused of killing and burning David Collisson near Mudgee
-
Noosa News21 hours agoGlencore receives taxpayer bailout to save Mt Isa mining jobs