Freeport-McMoRan lowers first-quarter gold sales forecast
The company said it expects first-quarter gold sales to be roughly 100,000 ounces below its prior forecast of 225,000 ounces.
Russia and Kazakhstan boosted their gold reserves for an eighth consecutive month in May, joining Turkey in the hoarding trend despite the slumping price of the precious metal. Russia’s central bank added about 198,000 troy ounces of gold in May,...
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