Gold price up over 1%, closing in on new record
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
Mining major Anglo American (Anglo) would sell its Moly-Cop and AltaSteel to Australian company OneSteel for $932-million. The two businesses, which are part of Anglo’s Scaw Metals, make steel balls and rods that are used to grind up copper and gold ore in the huge rotating mills of mining plants. Read more
