Gold steady after Powell flags cautious approach to rate cuts
Spot gold was little changed at $2,649.27 an ounce as of 8:21 a.m. Singapore time, after closing 0.2% higher on Wednesday.
Peruvian mining company Buenaventura, a major precious metals producer, has approved a set of debt measures including a bond issuance of $650 million, the firm said in a statement on Wednesday.
The miner added that shareholders had approved what it called a “repurchase or rescue operation” of currently active bonds.
Peru is one of the world’s top mining economies, especially for key industrial metal copper, with mineral sales contributing a large share of the country’s export revenue.
(By Marco Aquino; Editing by Kylie Madry)
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