Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Gold futures turned lower Monday, trading below the psychologically important $1,500 an ounce as other commodities lost ground and the dollar rose.
Gold for August delivery GC1Q -0.11% declined $2.80, or 0.2%, to $1,498.10 an ounce on the Comex division of the New York Mercantile Exchange. The metal had moved higher for most of electronic trading.
