Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Gold prices gained on Wednesday, as investors assessed the probability that the Federal Reserve will raise interest rates as early as June.
Gold for June delivery was recently up 0.4% to $1,248.30 a troy ounce on the Comex division of the New York Mercantile Exchange.
As the two-day Federal Open Market Committee meeting concludes Wednesday, investors will be looking for clues to the timing of the next rate increase from the central bank’s announcement at 2 p.m.
