Turkey is putting the finishing touches on a plan to loosen rules that govern the import of gold to one of the world’s biggest consumers of the precious metal.
A torrent of deal-making among gold producers that’s pushed M&A in the sector to an eight-year high is seen spilling over into the wider mining industry.
BlackRock, the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman and UBS see prices climbing to $1,600 an ounce.