The gold price rose on Friday as the US dollar fell against the euro.
Compania de Minas Buenaventura could increase copper production at its Marcapunta mine if copper prices continue to surge.
The gold price edged lower on Friday after a stronger-than-expected US jobs report increased fears of another rate hike.
The gold price is on track for a weekly gain, supported by political uncertainty and a weaker dollar.
The company has not been listed on the exchange since 2015, and experts believe its decision to go back could prompt other Russian companies to return as well.
The gold price was set to touch a six-week high on Friday after a disappointing US jobs report.
Silver, copper and oil are also on track to make gains this week.
By Melissa Shaw
The gap between palladium and platinum prices stands at about $100; that’s compared to an average of just over $1,000 between 2007 and 2012.
According to Johann Wiebe, lead analyst for Thomson Reuters’ GFMS team, that trend is likely to continue.
The gold price suffered as investors turned to riskier assets earlier in the week.
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