Hedge funds win world-beating rally with record gold holdings – Bloomberg

As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.

Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.

Barrick Gold's second-quarter gold output edged up by almost 0.9% from the previous three months.

The company's Flat gold project is located 40 km north of the giant Donlin gold project.