Billionaire hedge fund manager John Paulson stuck with his holding in the biggest exchange-traded product backed by gold, looking past slumping prices for the metal.
Holiday parties, childcare benefits and Fridays off are being targeted as the rout in crude prices grinds into its 16th month, workers and company representatives say.
While other gold companies have been stung by an 11 percent drop in prices in the past year, Colombia’s biggest producer is getting near-record high prices for its output thanks to its sinking local currency.
Industrial metals face at least six months of stagnation as market conditions in China deteriorate and low prices are needed to curb supply, Standard Chartered Plc said, slashing forecasts for this year and next.
