Hedge funds slash bullish wagers on gold over Trump election win
The precious metal has fallen about 8% from a record high on Oct. 31, with losses accelerating after Trump’s election victory last week.
Russia on Monday halted an operation aimed at saving 13 miners trapped in a mine since March 18, the TASS news agency cited mine management as saying.
Rescuers had to halt their work due to the risk of another collapse, it said.
The miners were trapped by a rock fall at the Pioneer gold mine. The mine, one of Russia’s largest, is located in the Amur region which borders China, about 5,300 km east of Moscow.
The mine is owned by sanctions-hit Russian copper and gold producer UMMC.
(Editing by Guy Faulconbridge)
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