After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector.
Benchmark London copper retreated on Friday and was on track for a fifth straight weekly loss on worries that fresh covid-19 restrictions could slow the pace of infrastructure projects.
Despite headwinds created by rising interest rates, the strategic and tactical role of gold will likely remain relevant to investors during the second half of 2022, WGC says.