Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.
Anglo American, Glencore and Freeport have been at the forefront of those companies cutting debt, but BHP Billiton and Rio Tinto have also been looking to rationalize their assets while signaling an interest in acquisitions.
Shares in mining firms have recovered this year with investors reckoning that commodity prices have finally bottomed out after the prolonged slump.
