Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Bloomberg reported that a recent survey suggested gold demand may push prices for the metal higher. The market news is quoted as saying: Seventeen of 23 traders, investors and analysts surveyed by Bloomberg, or 74 percent, said bullion will rise next week. Two predicted lower prices and four were neutral.
