Gold heads for $US1300 as risk flares
![Times don't come much more uncertain than these, so is it time to build an allocation to gold?](http://web.archive.org./web/20170611064702/http://www.afr.com/content/dam/images/g/v/j/d/j/4/image.related.afrIndexLead.320x210.gwmjuv.png/1496822675306.jpg)
The metal has rallied to the highest since November.
The metal has rallied to the highest since November.
Despite this week's ructions, Qatar retains a lower borrowing rate than neighbouring Saudi Arabia, Egypt and Bahrain.
Fresh evidence has emerged of the supply shock hitting industrial users of gas on the east coast, where prices have reached unaffordable levels.
A 40 per cent plunge in the price of sugar is being driven by a looming supply surplus and speculators shorting the market.
LNG players worldwide have been set on edge by the sudden rift between LNG export powerhouse Qatar and four of its Gulf associates, with Australian producers set to feel reverberations from disrupted trade flows in the region.
Gold may extend gains after climbing to the highest level in six weeks following disappointing monthly US economic reports.
Futures fell after gaining as much as 1.7 per cent in New York, amid a rethink on the outlook for US crude inventories.
After a miserable May, iron ore opened the new month on the back foot.
Metal smelting is sunk without the cheap, subsidised coal power that state electricity bodies used to lure the industry to Australia and und...
ExxonMobil was defeated by a shareholder rebellion over climate change that included BlackRock, sources say.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in