Gold tracks for weekly gain as tariff threats stoke haven demand
Spot gold was steady for a second day at $2,755.35 an ounce at 8:04 a.m. in Singapore.
The bottom has fallen out of the commodities market and while Canadian mining firms look set to ride it out, there could be a hit to Canada’s economy because of low metals and minerals prices.
At the end of December:
They’re all mined or produced in Canada, part of an industry that employs 380,000 Canadians, dominates the stock market and is a key driver of the economy, contributing $54 billion to domestic GDP in 2013.
