El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
Gold futures on the COMEX Division of the New York Mercantile Exchange slumped on Friday, dropping below the key mark 1,500 U.S. dollars, as safe-haven demand further weakened after Greece made progress on reducing its debt default risk.
The most active gold contract for August delivery shed 20.2 U.S. dollars, or 1.3 percent, to 1482.6 dollars per ounce, the lowest settlement for the latest six weeks.
