Via Reuters: “Barrick said late on Friday that it would re-sequence construction of the controversial project to target first production by mid-2016, deferring some $1.5 billion to $1.8 billion of planned capital spending in 2013 and 2014. The company has not updated the market on capital costs, last projected to be up to $8.5 billion.”
Closing lower on Friday, June 28, Chinese gold bullion saw the biggest change at a 2.6 percent. The price of US gold bullion fell to a 30-day low after shifting 2.0 percent. The price of Indian gold bullion reached a 30-day low after decreasing 2.0 percent. After a couple of days of decreasing prices, the price of Japanese gold bullion held steady.
Last Friday a price drop of 2.0 percent carried the price of Chinese silver to a 30-day low. Indian silver ended the day after a 1.2 percent drop last Friday. After dropping for two days, the price of US silver flattened. The price of Japanese silver flattened after two days of downward movement.
The price of US platinum bar rose 1.3 percent last Friday, just off the 30-day low it hit on Wednesday, June 26. After falling 0.7 percent, the price of Chinese platinum bar reached a 30-day low. The price of Japanese platinum bar remained essentially flat.
After a 2.2 percent increase, US palladium bar finished the day higher. The price of Chinese palladium bar declined 1.4 percent. The price of Japanese palladium bar flattened following two days of declines.