Gold tracks for weekly gain as tariff threats stoke haven demand
Spot gold was steady for a second day at $2,755.35 an ounce at 8:04 a.m. in Singapore.
Indonesia will audit over 8,000 existing mining permits to make sure they are in line with mining and environmental laws, the country’s finance minister said on Monday, days after the country passed new regulations on environmental protection.
President Susilo Bambang Yudhoyono last week signed a two-year moratorium on permits for logging and another decree allowing underground mining in protected forests if conditions such as an environmental assessment had been met.
