Hedge funds boosted their bets on price gains for bullion to an all-time high just two days before U.K. voters took to the polls and decided to leave the European Union, sending global markets roiling.
A major Japanese electronics maker approached First Majestic Silver Corp. for the first time last month seeking to lock in future stock, a sign of supply concerns that could boost the metal’s price ninefold, according to the best-performing producer of the metal.
Cooler weather is helping to control a blaze in Canada’s oil sands region and allowing Suncor Energy Inc. and Syncrude Canada Ltd. to start getting back to work.
Thailand will shutter its largest gold mine by the end of the year after the government said concern the project was damaging the environment and sickening workers outweighed its economic benefit.