Gold miners shine as risks grow

By Ben Martin
The Telegraph (UK)

goldfine160Precious metals miners shone on what was another weak day for the wider market.

Viewed as proxies for safe-haven gold and silver, shares in companies that dig for the metals were chased higher amid rising geopolitical risk.

Crises in a number of countries unnerved investors on Monday: In Iraq, the violent ISIS offensive gathered pace, while in Kenya, Islamists claimed responsibility for an attack that killed at least 50 people.

Tensions between Ukraine and Russia also worsened, with the latter cutting off natural gas supplies to the former in a sign that the feud between the two countries is escalating.

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