#GenEric1stgcFuture

India’s gold imports are slowing to a trickle as banks and bullion traders grapple with new restrictions aimed at shoring up a weak rupee battered by the Middle East war.

SF Holding Co., China’s biggest express-delivery firm, is set to open a gold vault in Hong Kong to tap demand for storage as the city pushes forward with plans to become a precious-metals hub.

Gold headed for a weekly decline as a war-driven surge in US inflation fuels expectations for higher interest rates.

India has further tightened rules for importing gold into the country, as Prime Minister Narendra Modi steps up efforts to defend the rupee amid the Middle East war.

Gold held a decline as a resurgence in US inflation reinforced bets the Federal Reserve will keep interest rates higher for longer.

Agnico Eagle Mines Ltd. said it will invest about C$14 billion ($10.2 billion) in Ontario, which the province says is one of the biggest ever private sector commitments in its mining industry.

Gold was steady after US data showed an acceleration in inflation that lowers the odds of the Federal Reserve reducing interest rates this year.

Gold was steady as traders assessed the deadlock in the Strait of Hormuz that has sent oil prices higher and added further fuel to inflation concerns.

Zimbabwe’s state-owned sovereign wealth fund, Mutapa Investment Fund Ltd., needs $250 million to expand its gold mining operations across the country.

Barrick Mining Corp.’s board has authorized the repurchase of as much as $3 billion of its shares, as the world’s third-largest gold producer woos investors before spinning off its North American assets later this year.

Prime Minister Narendra Modi has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, a surprising appeal in a country where the metal plays a vital role in savings, weddings and religious festivals.

China’s Zhaojin Mining Industry Co. is looking to acquire more gold mines in Africa and other regions, Chief Investment Officer Xu Jianzhuo said in an interview.

Gold fell as President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears as weekend clashes in the Middle East threatened a fragile ceasefire.

US stocks and gold are hurtling toward a fourth year of double-digit gains, rallies so exceptional that there have been few such episodes in history, according to Bank of America Corp. strategists.

Gold was steady as optimism that a deal to reopen the Strait of Hormuz was imminent faded following reports of attacks on US Navy vessels, reviving inflation concerns.

Canadian gold miner OceanaGold Corp. is aggressively canvassing options to buy other producers and existing operations while also pursuing a strong organic growth strategy, with two new mines in development.

Gold steadied after its biggest daily advance since end-March, as hopes of a US-Iran deal sent oil prices plunging and eased inflation concerns.

Gold was steady after a gain as the US-Iran ceasefire continued to hold despite reports of a cargo vessel being targeted, easing fears of an escalation that would fuel inflation risks.

Trading of Canada’s Goldquest Mining Corp is scheduled to resume Tuesday after the Dominican Republic halted development of its Romero gold mine project in the wake of mass protests.