August 5 to 9: Gold breaks the US$1,500 per ounce mark

Gold’s big move came on Wednesday (August 7) on the back of issues like increasing worries about the US-China trade war, and rate cuts from central banks around the world, which have caused concern about the health of the global economy.

Glencore announced it will close its Mutanda copper-cobalt mine in the Democratic Republic of Congo at the end of the year. Cobalt prices have declined significantly since last year, and the company has said it is “no longer economically viable.”

In cannabis news this week, we saw Dixie Brands partner with drink maker AriZona, the company behind the popular Arizona Iced Tea line of drinks. The companies will work together on creating THC-infused beverages.

We also saw major cannabis player The Green Organic Dutchman apply to list on the NASDAQ. The company is currently listed on the TSX, but is looking to broaden its investor base and increase access for international investors.

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