Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
Canada’s K92 Mining Inc said on Wednesday two persons have died following an incident involving a vehicle at the Kainantu gold mine in Papua New Guinea.
The miner also reported two deaths last month following another vehicular accident. The accident had occurred offsite from the mining lease area, on a country road.
The company said on Wednesday mining operations have been suspended while an investigation is being completed. However, other activities including processing of stockpiles have not been impacted.
(By Arshreet Singh; Editing by Maju Samuel)
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