Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Gold producer Jaguar Mining Inc posted a quarterly profit that beat analysts’ estimates helped by surging bullion prices, sending its New York-listed shares up almost 7 percent in extended trading.
For the January-March quarter adjusted profit was $10.3 million, or 12 cents a share, compared with an adjusted loss of $3.7 million, or 4 cents a share, a year ago.
