Gold futures in India, the world's second-biggest bullion consumer after China, hit their highest level since March 1, at 32,834 rupees per 10 grams, earlier this week.
The West Africa-focused junior hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London.
The World Gold Council revealed that holdings in global gold-backed exchange-traded funds fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows.
If push comes to shove, one of the world’s largest gold miners is prepared to do an end run around the U.S. should President Donald Trump’s threatened tariffs on Mexican goods bite.