Evolution boss sees global uncertainty underpinning gold price

Evolution Mining, Australia's number two gold miner, expects gold prices to remain strong due to geopolitical and fiscal uncertainty, despite a recent drop on prospects of a US rate hike in December. "Until global economies can address the underlying systemic reality that we are all spending more than we can afford, it may be good for gold but not much else," Evolution's executive chairman, Jake Klein, said at an industry event.