Gold price up over 1%, closing in on new record
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
Rio Tinto is comfortable with the company’s multibillion-dollar project budgets in Australia, where labour, input and services costs were all increasing, Chief Executive Tom Albanese said on Tuesday.
“I’m comfortable that our budgets in Australia are being managed appropriately,” Albanese said at a business lunch.
