Hedge funds slash bullish wagers on gold over Trump election win
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
Latin America-savvy blogger “Otto Rock” publishes an interesting graphic, showing that Peru’s biggest exports in 2012 were copper, gold and drug-related money laundering.
The South American nation’s extractive sector, which accounts for some 60% of the economy, saw investments for $8.5 billion in 2012 and is expected to bring close to $53 billion over the next decade.
