Hedge funds slash bullish wagers on gold over Trump election win
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
The Romanian Parliament has voted to establish a commission that will decide on the fate of Canadian company Gabriel Resources’ Rosia Montana gold mine project in Transylvania.
The commission will provide a report on crucial legislation that, if upheld, will clear a path for Gabriel to develop at Rosia Montana.
The members of the commission, including 21 senators and deputies, have until the 20th of October to produce a report. A final parliamentary vote is expected in early November.
See also: The end of Rosia Montana? Romanian president calls for termination of key bill
“We need to finish our work by October 20th,” a member of the commission told Reuters. “A vote may be held in a parliament session in early November. The commission can endorse or change the government’s bill.”
