Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
Local residents continue to blockade the roads into and out of the Pierina mine in Peru’s Huaraz Province in support of demands for water rights. The mine is operated by Barrick Misquilchilca, a subsidiary of Barrick Gold.
The protests are expected to stop once negotiations begin with the company at around noon tomorrow.
Representatives from Peru’s Council of Ministers, Ministry of Energy and Mines and Ministry of Environment, among other government institutions, will take part in the talks.
Source (Spanish): RPP
