Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
Global mining company Rio Tinto has raised a total of $2 billion bonds in long-term debt bonds, it said on Wednesday.
The offer, registered in the U.S. Securities Exchange Commission, consisted of $700 million in 5-year notes with a coupon of 2.5 percent, $1 billion in 10-year bonds with a 4.125 percent coupon and $300 million in 30-year bonds paying a 5.2 percent coupon.
