Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Chinese miner Zijin Mining Group Co Ltd said on Friday that its net profits in the first half of the year surged 174.6% on an annual basis thanks to global economic recovery and robust metals demand.
In the first half of the year, the gold and copper producer earned 6.6 billion yuan ($1.02 billion), it said in a filing to the Shanghai Stock Exchange.
($1 = 6.4615 Chinese yuan renminbi)
(By Min Zhang and Meg Shen; Editing by Kirsten Donovan)
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