A gauge of mining shares is extending gains after its best December since the financial crisis as investors flee to haven assets amid a slump in the broader equities market and a U.S government shutdown. The BI Global Senior Gold Valuation Peers jumped as much as 1.6 per cent Thursday to the highest since May, with bullion set for a sixth straight advance. “Gold miners are laughing all the way because the entire landscape has become more attractive.”Volatility in equities, concern about a broadening U.S.-China trade conflict and a softening dollar have underpinned a rally in bullion. In December, the BI miners index jumped 12 per cent, the most for that month since 2008. Harmony Gold Mining Co. and AngloGold Ashanti Ltd. paced gains on Thursday.

Source: thestar January 03, 2019 17:03 UTC