El Salvador lawmakers overturn mining ban Bukele called absurd
El Salvador became the first country in the world to ban all forms of metals mining in 2017.
Economic jitters continue to drive gold higher, which hit $1,782.50/oz on Tuesday.
Stock markets bounced back after yesterday’s gut wrenching fall. The S&P/TSX Composite index was up nearly 3% from yesterday. The S&P/ASX 200 did not perform as strongly at 1.22%, making most of its gains later in the day.
The oil and gas sector, which suffered some of the worst losses on Monday, rebounded strongly. The Dow Jones U.S. Oil & Gas Index was up 3%.
In news that might move markets, the Federal Reserve is meeting Tuesday morning and will release a statement in the afternoon. Analysts are looking to see if the Fed will be launching any new initiatives that will support the economy.
