Russell: Australia’s rain will become India’s pain as coal flows halt

"[W]e expect growth in China to ease modestly over the short-term, as monetary policy tightens and housing and automotive markets soften," Mackenzie said.

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

After sending court bailiffs to seize property from Stand.earth, Enbridge backed off, saying it will not seize property after all.

The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.

India's Multi Commodity Exchange (MCX) has launched the country's first gold options contract in New Delhi to coincide with the gold-buying festival of Dhanteras.

Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.

Local gold prices were trading around 29,760 rupees per 10 grams on Friday, up nearly a percent from last week.

"The Kobe Steel crisis is definitely helping other steel producers," Wunderlich Securities chief market strategist Art Hogan said.

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.