Gold steadies as traders weigh outlook for Fed rate cuts
Bullion traded near $2,626 an ounce in thin trading after closing 1.1% higher on Friday.
Ecuador expects companies including Canada’s Kinross Gold to invest $7 billion in gold and copper projects in the next seven years, as the OPEC member tries to diversify its economy by encouraging mining.
Natural Resources Minister Wilson Pastor said on Tuesday five projects will be signed in the next few months.
