Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
The Street reported that gold prices increased and silver was flat following a poor report on US jobs.
The market news is quoted as saying:
Before the jobs number, the metals had been in wait and see mode. After a powerful three day rally, gold and silver prices are up 3.2% and 8%, respectively, and some investors were taking profits.
